The Travelers Companies, Inc. $TRV Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management increased its stake in Travelers Companies by 29.3% in the fourth quarter, bringing its holdings to 119,249 shares worth about $34.6 million.
• Travelers posted a strong quarterly earnings beat, reporting $7.71 EPS versus the $6.80 estimate and revenue of $11.92 billion, while analysts now expect about $28 EPS for the full year.
• The company also raised its quarterly dividend to $1.25 per share from $1.10, even as recent insider sales and a mixed analyst consensus suggest some caution around the stock.

Intech Investment Management LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 29.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 119,249 shares of the insurance provider's stock after acquiring an additional 27,051 shares during the period. Intech Investment Management LLC owned 0.05% of Travelers Companies worth $34,589,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Osterweis Capital Management Inc. raised its holdings in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Travelers Companies in the 4th quarter valued at $28,000. Entrust Financial LLC acquired a new position in Travelers Companies in the 4th quarter valued at $31,000. Navalign LLC acquired a new position in Travelers Companies in the 4th quarter valued at $35,000. Finally, eCIO Inc. acquired a new position in Travelers Companies in the 4th quarter valued at $37,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies News Roundup

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: JPMorgan upgraded Travelers Companies (TRV), adding to a generally supportive analyst backdrop and reinforcing confidence in the insurer’s earnings outlook. JPMorgan Upgrades Travelers Companies (TRV)
• Positive Sentiment: Piper Sandler reiterated a Buy rating on Travelers, signaling continued Street support for the stock. Piper Sandler Remains a Buy on Travelers Companies (TRV)
• Positive Sentiment: Analyst estimate updates remain constructive overall, with Travelers still expected to generate strong full-year earnings and broker targets clustered above the current share price.
• Positive Sentiment: The company’s recent dividend increase may also support sentiment, as it highlights management confidence and capital return strength.
• Neutral Sentiment: A valuation-focused article noted that recent returns have softened versus longer-term gains, suggesting the stock may already reflect much of its recent strength. A Look At Travelers Companies (TRV) Valuation As Recent Returns Soften Against Longer Term Gains
• Negative Sentiment: Executive Vice President Michael Frederick Klein sold 10,000 shares worth about $3.08 million, and the insider sale may raise caution about near-term upside. Travelers Companies NYSE: TRV EVP Sells $3,076,500.00 in Stock

Insider Activity

In related news, EVP Jeffrey P. Klenk sold 6,414 shares of the company's stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company's stock, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of the company's stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president directly owned 5,298 shares of the company's stock, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,573 shares of company stock worth $11,504,146 in the last quarter. Insiders own 1.39% of the company's stock.

Travelers Companies Stock Down 1.8%

Shares of Travelers Companies stock opened at $294.50 on Friday. The company has a fifty day moving average price of $299.27 and a 200 day moving average price of $293.73. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $313.12. The stock has a market cap of $62.63 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 2.70 and a beta of 0.50.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts' consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion during the quarter, compared to analysts' expectations of $11.11 billion. During the same period in the prior year, the company earned $1.91 EPS. The firm's revenue was down 1.7% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This is a positive change from Travelers Companies's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. Travelers Companies's dividend payout ratio is currently 13.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the company an "outperform" rating in a report on Monday, April 20th. Roth Mkm restated a "buy" rating on shares of Travelers Companies in a report on Monday, April 20th. BMO Capital Markets upped their price objective on Travelers Companies from $297.00 to $314.00 and gave the stock an "outperform" rating in a report on Monday, April 20th. Finally, Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $311.47.

Travelers Companies Profile

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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