The Travelers Companies, Inc. $TRV Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,653 shares of the insurance provider’s stock after purchasing an additional 815 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Travelers Companies were worth $2,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sage Mountain Advisors LLC acquired a new stake in Travelers Companies in the 2nd quarter valued at about $283,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Travelers Companies by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,674 shares of the insurance provider’s stock valued at $241,769,000 after acquiring an additional 6,737 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Travelers Companies by 0.3% in the 2nd quarter. Asset Management One Co. Ltd. now owns 192,563 shares of the insurance provider’s stock valued at $51,518,000 after acquiring an additional 609 shares during the last quarter. RNC Capital Management LLC lifted its holdings in Travelers Companies by 0.4% in the 2nd quarter. RNC Capital Management LLC now owns 19,328 shares of the insurance provider’s stock valued at $5,171,000 after acquiring an additional 74 shares during the last quarter. Finally, Ethic Inc. lifted its holdings in Travelers Companies by 0.9% in the 2nd quarter. Ethic Inc. now owns 46,194 shares of the insurance provider’s stock valued at $12,163,000 after acquiring an additional 398 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday. UBS Group upped their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Piper Sandler boosted their price objective on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $291.31.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of TRV opened at $269.98 on Friday. The company has a market capitalization of $60.22 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 2.44 and a beta of 0.51. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The business’s 50-day moving average is $274.13 and its 200-day moving average is $267.21.

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

Travelers Companies Dividend Announcement

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

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.