Agate Pass Investment Management LLC Purchases New Position in The Travelers Companies, Inc. (NYSE:TRV)

Agate Pass Investment Management LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 3,575 shares of the insurance provider’s stock, valued at approximately $861,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its holdings in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC grew its stake in Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares in the last quarter. Bank of Montreal Can increased its holdings in Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after acquiring an additional 282,884 shares during the period. Point72 Asset Management L.P. purchased a new stake in Travelers Companies in the 3rd quarter worth approximately $54,988,000. Finally, Janus Henderson Group PLC boosted its holdings in Travelers Companies by 216.3% in the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after purchasing an additional 232,428 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRV. BMO Capital Markets increased their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Piper Sandler decreased their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company reiterated an “underweight” rating and set a $217.00 target price (down from $256.00) on shares of Travelers Companies in a research report on Wednesday, December 11th. Finally, StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $254.85.

Insider Activity at Travelers Companies

In other news, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. This trade represents a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 in the last three months. Company insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.2 %

TRV stock traded up $0.49 on Monday, reaching $232.92. The company’s stock had a trading volume of 523,222 shares, compared to its average volume of 1,195,122. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The business has a fifty day simple moving average of $250.73 and a two-hundred day simple moving average of $234.97. The firm has a market cap of $52.88 billion, a PE ratio of 11.94, a PEG ratio of 1.17 and a beta of 0.65. The Travelers Companies, Inc. has a 12-month low of $194.54 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts forecast that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a $1.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.80%. Travelers Companies’s payout ratio is 21.54%.

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.