VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 160,700 The Travelers Companies, Inc. $TRV

Key Points

• Virginia Retirement Systems purchased 160,700 shares of Travelers Companies valued at approximately $53.1 million, while institutional investors collectively own 82.45% of the stock.
• Travelers reported quarterly earnings of $10.04 per share, exceeding the $5.41 consensus estimate, on revenue of $12.15 billion; shares recently opened at $369.01, near their 12-month high.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 160,700 shares of the insurance provider's stock, valued at approximately $53,050,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.08% of Travelers Companies as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. Brighton Jones LLC lifted its holdings in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after buying an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $276,000. WINTON GROUP Ltd bought a new position in shares of Travelers Companies during the second quarter valued at approximately $382,000. CIBC Asset Management Inc raised its holdings in shares of Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider's stock valued at $18,336,000 after acquiring an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in 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 worth $28,254,000 after acquiring an additional 2,117 shares during the period. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, EVP Daniel Yin sold 7,153 shares of the company's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. This represents a 9.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the transaction, the executive vice president directly owned 9,213 shares of the company's stock, valued at approximately $3,393,884.94. This trade represents a 63.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 58,667 shares of company stock valued at $21,830,989. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $369.01 on Monday. 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 capitalization of $76.96 billion, a P/E ratio of 9.88, a P/E/G ratio of 2.48 and a beta of 0.44. 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 business has a fifty day simple moving average of $363.46 and a two-hundred day simple moving average of $323.48.

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

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies's dividend payout ratio is 13.39%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Travelers Companies to $340.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Mizuho raised their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Citigroup reiterated a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 20th. Truist Financial increased their price target on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Finally, HSBC raised their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a report on Monday, July 6th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $354.26.

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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