The Travelers Companies, Inc. $TRV Shares Purchased by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super increased its Travelers stake by 16.1% in the third quarter, purchasing 14,452 additional shares for a total holding of 103,956 shares valued at approximately $37.1 million. Institutional investors collectively own 82.45% of the company.
• Travelers reported strong quarterly results, with EPS of $9.18 versus the $7.39 consensus estimate and revenue of $12.41 billion, above expectations. Shares opened at $399.12, near the company’s 52-week high of $407.86.
• Analysts maintain a consensus “Hold” rating with an average price target of $366.37, while insiders sold roughly $71.7 million of shares over the past 90 days. Travelers also declared a quarterly dividend of $1.25, equivalent to a 1.3% annual yield.

Aware Super Pty Ltd as trustee of Aware Super raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 16.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,956 shares of the insurance provider's stock after purchasing an additional 14,452 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super owned 0.05% of Travelers Companies worth $37,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Travelers Companies during the second quarter worth about $6,915,909,000. Dimensional Fund Advisors LP grew its position in Travelers Companies by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider's stock worth $1,016,433,000 after purchasing an additional 123,564 shares in the last quarter. Bank of America Corp DE bought a new stake in Travelers Companies in the 2nd quarter worth about $932,142,000. GQG Partners LLC purchased a new stake in Travelers Companies in the 2nd quarter valued at about $789,024,000. Finally, Legal & General Group Plc purchased a new stake in Travelers Companies in the 2nd quarter valued at about $558,164,000. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TRV shares. Evercore downgraded Travelers Companies from an "outperform" rating to an "in-line" rating and set a $329.00 target price on the stock. in a research note on Friday, July 10th. Roth Capital reiterated a "buy" rating on shares of Travelers Companies in a report on Monday, October 26th. Morgan Stanley boosted their price objective on Travelers Companies from $330.00 to $350.00 and gave the stock an "underweight" rating in a research report on Friday, October 23rd. BMO Capital Markets upped their price objective on Travelers Companies from $379.00 to $388.00 and gave the company a "market perform" rating in a research note on Tuesday, October 20th. Finally, HSBC raised their target price on Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a research report on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average price target of $366.37.

Insiders Place Their Bets

In other Travelers Companies news, EVP Gregory Toczydlowski sold 34,771 shares of the company's stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $403.89, for a total transaction of $14,043,659.19. Following the sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at $7,438,038.24. This represents a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andy Bessette sold 3,000 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $399.35, for a total transaction of $1,198,050.00. Following the transaction, the executive vice president owned 18,285 shares of the company's stock, valued at $7,302,114.75. This represents a 14.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 180,287 shares of company stock worth $71,713,050 in the last ninety days. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $399.12 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $375.23 and a two-hundred day simple moving average of $330.17. The Travelers Companies, Inc. has a 1-year low of $264.25 and a 1-year high of $407.86. The firm has a market cap of $81.80 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 2.73 and a beta of 0.43.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The firm had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. During the same period in the previous year, the company posted $8.14 earnings per share. The business's revenue was down .5% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 36.27 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies's payout ratio is currently 13.11%.

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.