Varma Mutual Pension Insurance Co Buys Shares of 92,663 The Travelers Companies, Inc. $TRV

Key Points

• Varma Mutual Pension Insurance Co. acquired 92,663 shares of Travelers Companies in the second quarter, valued at approximately $20.4 million. Institutional investors collectively own 82.45% of TRV.
• Travelers reported quarterly earnings of $10.04 per share, exceeding estimates of $5.41, while revenue reached $12.15 billion versus the $11.26 billion consensus forecast.
• The company declared a quarterly dividend of $1.25, equivalent to a $5.00 annualized payout and a 1.4% yield. Analysts maintain a consensus “Hold” rating with a $354.26 price target.

Varma Mutual Pension Insurance Co bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 92,663 shares of the insurance provider's stock, valued at approximately $20,431,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC lifted its stake in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Travelers Companies during the first quarter worth $26,000. LifeSteps Financial Inc. acquired a new position in Travelers Companies during the second quarter worth $26,000. Kilter Group LLC bought a new position in Travelers Companies during the second quarter valued at about $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in Travelers Companies during the fourth quarter valued at about $26,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

NYSE TRV opened at $363.83 on Friday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $75.88 billion, a PE ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The stock has a 50-day simple moving average of $352.28 and a 200 day simple moving average of $318.12.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. During the same period in the prior year, the business earned $6.51 earnings per share. Travelers Companies's revenue for the quarter was up .3% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies's payout ratio is currently 13.39%.

Analyst Ratings Changes

Several research firms have recently issued reports on TRV. UBS Group upped their price target on Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. Piper Sandler boosted their target price on Travelers Companies to $340.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Roth Capital upped their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. HSBC increased their price target on Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a report on Monday, July 6th. Finally, Cantor Fitzgerald boosted their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $354.26.

Insider Buying and Selling

In other news, EVP Diane Kurtzman sold 4,164 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the sale, the executive vice president owned 5,298 shares of the company's stock, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at $16,519,811.25. The trade was a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,667 shares of company stock worth $22,688,329 in the last three months. Company insiders own 1.39% of the company's stock.

About Travelers Companies

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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

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