OFI Invest Asset Management lifted its stake in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 56.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,036 shares of the insurance provider’s stock after purchasing an additional 1,448 shares during the quarter. OFI Invest Asset Management’s holdings in Travelers Companies were worth $1,283,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Berman McAleer LLC boosted its stake in Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after buying an additional 30 shares during the period. Willner & Heller LLC lifted its holdings in shares of Travelers Companies by 2.7% in the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after acquiring an additional 32 shares during the last quarter. Spinnaker Trust lifted its holdings in shares of Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after acquiring an additional 33 shares during the last quarter. Cim LLC boosted its stake in shares of Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after purchasing an additional 34 shares during the period. Finally, Avalon Trust Co grew its holdings in Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Travelers Companies Trading Up 0.0%
Shares of TRV opened at $370.32 on Friday. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The company has a 50-day moving average of $344.64 and a 200 day moving average of $314.87. The firm has a market capitalization of $77.24 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 3.52 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.
Travelers Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued 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. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price target on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Piper Sandler raised their price target on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, 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. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $354.26.
View Our Latest Report on Travelers Companies
Insider Transactions at Travelers Companies
In related news, EVP Michael Frederick Klein sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,667 shares of company stock valued at $22,688,329 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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