1832 Asset Management L.P. Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

1832 Asset Management L.P. grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 12.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,110 shares of the insurance provider’s stock after buying an additional 1,309 shares during the quarter. 1832 Asset Management L.P.’s holdings in Travelers Companies were worth $2,787,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Johnson Investment Counsel Inc. lifted its stake in Travelers Companies by 29.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock worth $879,000 after acquiring an additional 1,037 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Travelers Companies by 38.7% during the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after purchasing an additional 95,451 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new position in shares of Travelers Companies during the fourth quarter worth $1,973,000. Wellington Management Group LLP increased its holdings in Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after buying an additional 25,575 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in Travelers Companies by 552.8% in the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after buying an additional 140,622 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV traded up $4.62 during mid-day trading on Friday, hitting $213.85. 1,220,457 shares of the company’s stock were exchanged, compared to its average volume of 1,269,819. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The business’s 50 day moving average is $209.68 and its two-hundred day moving average is $214.40. The firm has a market capitalization of $48.74 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.12 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.15 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Activity at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. UBS Group dropped their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Piper Sandler reduced their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $220.94.

Travelers Companies Company 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.