Sumitomo Mitsui Trust Group Inc. decreased its position in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 798,746 shares of the insurance provider’s stock after selling 33,039 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Travelers Companies were worth $232,978,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of TRV. Brighton Jones LLC grew its holdings in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Travelers Companies during the fourth quarter worth $276,000. WINTON GROUP Ltd bought a new stake in Travelers Companies during the second quarter worth $382,000. CIBC Asset Management Inc boosted its position in Travelers Companies by 13.9% in the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Travelers Companies by 2.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after purchasing an additional 2,117 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.
Analysts Set New Price Targets
TRV has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of Travelers Companies from $310.00 to $330.00 and gave the stock an “equal weight” rating in a report on Monday. Brean Capital started coverage on shares of Travelers Companies in a report on Thursday, March 12th. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Bank of America dropped their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Finally, Mizuho increased their target price on shares of Travelers Companies from $304.00 to $324.00 and gave the company a “neutral” rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $328.76.
Insider Buying and Selling
In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the transaction, the insider owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company’s stock.
Travelers Companies Stock Down 0.3%
TRV stock opened at $336.88 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $71.64 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 3.05 and a beta of 0.46. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $349.35. The stock has a fifty day moving average of $309.46 and a 200-day moving average of $299.48.
Travelers Companies (NYSE:TRV – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.91 EPS. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 28.02 earnings per share for the current year.
Travelers Companies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th were paid a $1.25 dividend. The ex-dividend date was Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is 14.88%.
Travelers Companies News Summary
Here are the key news stories impacting Travelers Companies this week:
- Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “market perform” rating on Travelers and raised its price target to $356 from $342, implying modest upside from current levels. KBW price target update
- Positive Sentiment: Travelers announced it will be the first anchor carrier partner in Applied’s new submissionless commercial insurance experience, an AI-enabled tool that could improve quote speed and workflow efficiency for agents and carriers. Applied partnership announcement
- Positive Sentiment: A Zacks note highlighted that Travelers’ auto and homeowners insurance business is driving growth, with recurring premiums and underwriting income supported by disciplined pricing and technology. Zacks growth note
- Neutral Sentiment: Mizuho raised its price target to $324 from $304 but kept a “neutral” rating, signaling limited near-term upside in its view. Mizuho price target update
- Neutral Sentiment: Wells Fargo lifted its target to $334 from $295 while maintaining an “equal weight” stance, also suggesting the shares are fairly valued after the recent rally. Wells Fargo price target update
- Negative Sentiment: A Seeking Alpha piece argued that Travelers’ strong fundamentals may already be reflected in the recent run-up, reinforcing a more cautious view after the stock’s sharp climb. Seeking Alpha downgrade
Travelers Companies 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.
Featured Stories
- Five stocks we like better than Travelers Companies
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV – Free Report).
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
