Railway Pension Investments Ltd decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 23.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,800 shares of the insurance provider's stock after selling 4,200 shares during the quarter. Railway Pension Investments Ltd's holdings in Travelers Companies were worth $4,556,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $276,000. WINTON GROUP Ltd acquired a new stake in shares of Travelers Companies in the second quarter valued at about $382,000. CIBC Asset Management Inc raised its stake in Travelers Companies by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider's stock valued at $18,336,000 after purchasing an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Travelers Companies by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider's stock valued at $28,254,000 after purchasing an additional 2,117 shares in the last quarter. Institutional investors own 82.45% of the company's stock.
Travelers Companies Stock Down 1.0%
Shares of NYSE:TRV opened at $366.31 on Tuesday. The stock's 50-day moving average price is $359.66 and its two-hundred day moving average price is $321.44. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The firm has a market cap of $76.40 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 3.52 and a beta of 0.45.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the firm posted $6.51 EPS. The company's revenue was up .3% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.
Travelers Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is 13.39%.
Insider Transactions at Travelers Companies
In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,313 shares of the business's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president owned 9,213 shares of the company's stock, valued at approximately $3,393,884.94. The trade was a 63.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,667 shares of company stock valued at $21,830,989 in the last ninety days. Company insiders own 1.39% of the company's stock.
Analysts Set New Price Targets
TRV has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Travelers Companies to $340.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Zacks Research upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. BMO Capital Markets lowered shares of Travelers Companies from an "outperform" rating to a "market perform" rating and increased their price target for the company from $314.00 to $379.00 in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Finally, Weiss Ratings upgraded Travelers Companies from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday, August 20th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $354.26.
Read Our Latest Stock Analysis on Travelers Companies
Travelers Companies Profile
(
Free Report)
The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.
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