Russell Investments Group Ltd. Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Russell Investments Group Ltd. boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 587,529 shares of the insurance provider's stock after purchasing an additional 27,020 shares during the quarter. Russell Investments Group Ltd. owned about 0.26% of Travelers Companies worth $111,897,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Mn Services Vermogensbeheer B.V. lifted its stake in Travelers Companies by 1.5% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider's stock worth $18,217,000 after purchasing an additional 1,600 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Travelers Companies by 124.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider's stock worth $2,660,000 after purchasing an additional 7,649 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth about $2,201,000. Nordea Investment Management AB increased its holdings in shares of Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider's stock worth $46,919,000 after buying an additional 16,580 shares during the period. Finally, DNB Asset Management AS increased its holdings in shares of Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider's stock worth $13,240,000 after buying an additional 24,230 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada reduced their price target on Travelers Companies from $230.00 to $225.00 and set a "sector perform" rating on the stock in a report on Thursday, April 18th. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday. TD Cowen reduced their price target on Travelers Companies from $261.00 to $252.00 and set a "buy" rating on the stock in a report on Tuesday, April 23rd. The Goldman Sachs Group boosted their price target on Travelers Companies from $186.00 to $212.00 and gave the company a "sell" rating in a report on Friday, April 12th. Finally, Piper Sandler reiterated a "neutral" rating and set a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $223.47.

Travelers Companies Stock Down 0.3 %

Shares of TRV traded down $0.54 during mid-day trading on Friday, reaching $213.45. The company had a trading volume of 1,706,046 shares, compared to its average volume of 1,389,936. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50-day moving average price of $221.50 and a 200 day moving average price of $198.91. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a market capitalization of $48.88 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the firm earned $4.11 earnings per share. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.74 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.97%. This is an increase from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. Travelers Companies's dividend payout ratio (DPR) is currently 29.72%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,553 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $212.93, for a total transaction of $2,247,050.29. Following the sale, the executive vice president now directly owns 103,443 shares in the company, valued at approximately $22,026,117.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company's stock, valued at approximately $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Olivo sold 10,553 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total value of $2,247,050.29. Following the transaction, the executive vice president now directly owns 103,443 shares in the company, valued at $22,026,117.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,734 shares of company stock worth $17,208,404. Insiders own 1.33% of the company's stock.

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.