20,945 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Arjuna Capital

Arjuna Capital bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, Holdings Channel reports. The fund bought 20,945 shares of the insurance provider’s stock, valued at approximately $4,904,000. Travelers Companies accounts for 1.3% of Arjuna Capital’s portfolio, making the stock its 23rd largest position.

Several other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Dimensional Fund Advisors LP grew its stake in Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after acquiring an additional 165,708 shares during the period. Legal & General Group Plc grew its stake in Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after acquiring an additional 37,029 shares during the period. Boston Partners grew its stake in Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after acquiring an additional 196,011 shares during the period. Finally, AQR Capital Management LLC grew its stake in Travelers Companies by 8.0% in the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after acquiring an additional 85,619 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,999 shares of company stock worth $16,580,166. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Performance

Shares of TRV traded down $0.88 during mid-day trading on Wednesday, hitting $257.11. The stock had a trading volume of 39,811 shares, compared to its average volume of 1,301,747. The firm has a market cap of $58.37 billion, a P/E ratio of 13.23, a PEG ratio of 1.24 and a beta of 0.62. The business has a fifty day moving average price of $242.91 and a 200-day moving average price of $223.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 52 week low of $167.08 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the previous year, the company posted $1.95 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts expect that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. Travelers Companies’s payout ratio is 21.54%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research reports. Citigroup raised their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Bank of America lifted their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Piper Sandler cut their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $247.90.

About Travelers Companies

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.