Dai ichi Life Insurance Company Ltd trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 6.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,956 shares of the insurance provider’s stock after selling 1,767 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Travelers Companies were worth $7,279,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC raised its stake in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies during the 4th quarter worth about $26,000. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies during the 1st quarter worth about $26,000. Osterweis Capital Management Inc. grew its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Travelers Companies during the 4th quarter valued at about $28,000. Institutional investors own 82.45% of the company’s stock.
Travelers Companies Price Performance
Shares of TRV stock opened at $387.42 on Friday. The company has a market capitalization of $80.80 billion, a P/E ratio of 10.38, a P/E/G ratio of 3.76 and a beta of 0.46. The company’s 50-day simple moving average is $322.06 and its two-hundred day simple moving average is $304.48. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $389.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.35.
Travelers Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s payout ratio is 13.39%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Mizuho raised their price objective on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a report on Monday. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. UBS Group boosted their price objective on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $354.26.
Check Out Our Latest Stock Analysis on Travelers Companies
Key Travelers Companies News
Here are the key news stories impacting Travelers Companies this week:
- Positive Sentiment: Analyst coverage remained constructive, with Morgan Stanley and other firms highlighting potential upside, while a recent Zacks note said Travelers’ shares hit a 52-week high and questioned whether the run can continue. Morgan Stanley Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock The Travelers Companies, Inc. (TRV) Hit a 52 Week High, Can the Run Continue?
- Positive Sentiment: AM Best assigned an “a+” issue credit rating with a stable outlook to Travelers’ new $750 million senior unsecured notes, signaling confidence in the company’s credit quality and access to capital. AM Best Assigns Issue Credit Rating to The Travelers Companies, Inc. New Senior Unsecured Notes
- Positive Sentiment: Travelers priced $750 million of 4.95% senior notes due 2031, which adds funding for general corporate purposes and appears manageable given the company’s strong balance sheet. Travelers Companies Prices $750 Million Senior Notes Offering
- Neutral Sentiment: Mizuho raised its price target to $343 from $324 but kept a neutral rating, suggesting the stock may have already moved ahead of near-term fundamentals. Mizuho price target update
- Negative Sentiment: Reports that several top Travelers executives sold company stock could weigh on sentiment, even if the transactions were routine. Top Travelers Executives Quietly Unload Millions in Company Stock
- Negative Sentiment: Deutsche Bank and UBS both reiterated hold-type views, reinforcing that some analysts see limited upside after the recent rally. Deutsche Bank Sticks to Its Hold Rating for Travelers Companies (TRV) UBS Releases a Hold Rating on Travelers Companies (TRV)
Insider Buying and Selling at Travelers Companies
In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider directly owned 48,737 shares in the company, valued at $15,049,010.86. The trade was a 12.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,292 shares of company stock valued at $5,639,800 in the last ninety days. Corporate insiders own 1.39% of the company’s stock.
Travelers Companies Company Profile
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
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