The Travelers Companies, Inc. $TRV Holdings Reduced by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in The Travelers Companies by 21.7%, owning 10,002 shares after selling 2,777 during Q2, valued at $2,671,000.
• Travelers Companies reported Q3 earnings of $8.14 EPS, surpassing analysts' expectations by $2.13, with revenue of $11.47 billion.
• The company announced a quarterly dividend of $1.10 per share, with an ex-dividend date set for December 10, reflecting an annual yield of 1.6%.

Allspring Global Investments Holdings LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 21.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,002 shares of the insurance provider's stock after selling 2,777 shares during the period. Allspring Global Investments Holdings LLC's holdings in Travelers Companies were worth $2,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Travelers Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after purchasing an additional 115,808 shares during the last quarter. Valeo Financial Advisors LLC grew its position in Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider's stock worth $967,646,000 after purchasing an additional 3,611,758 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock worth $899,988,000 after purchasing an additional 25,573 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after purchasing an additional 390,104 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its position in Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock worth $444,101,000 after purchasing an additional 490,039 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TRV. Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an "outperform" rating in a research note on Monday. Wolfe Research began coverage on shares of Travelers Companies in a research note on Monday, September 15th. They issued a "peer perform" rating for the company. Wells Fargo & Company reaffirmed a "positive" rating on shares of Travelers Companies in a research note on Friday. Finally, Morgan Stanley upped their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and a consensus price target of $291.31.

Travelers Companies Stock Up 1.6%

TRV stock opened at $269.43 on Wednesday. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $287.95. The company's 50 day simple moving average is $274.06 and its 200-day simple moving average is $266.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $60.10 billion, a P/E ratio of 10.59, a P/E/G ratio of 2.50 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the previous year, the business earned $5.24 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies's dividend payout ratio is currently 17.30%.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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