Banco Santander S.A. Grows Holdings in The Travelers Companies, Inc. $TRV

Banco Santander S.A. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 22.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,612 shares of the insurance provider’s stock after buying an additional 9,054 shares during the period. Banco Santander S.A.’s holdings in Travelers Companies were worth $13,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after buying an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies during the first quarter worth about $26,000. Missouri Trust & Investment Co increased its stake in shares of Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in shares of Travelers Companies during the second quarter worth about $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Travelers Companies during the first quarter worth about $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.3%

Shares of NYSE TRV opened at $269.98 on Monday. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95. The stock has a market cap of $60.22 billion, a PE ratio of 10.62, a P/E/G ratio of 2.44 and a beta of 0.51. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $274.13 and a 200 day moving average of $267.34.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the prior year, the company earned $5.24 EPS. Travelers Companies’s revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research reports. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. UBS Group boosted their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Piper Sandler boosted their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Morgan Stanley boosted their target price on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $291.31.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.46% of the company’s stock.

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.