OneAscent Financial Services LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,602 shares of the insurance provider’s stock, valued at approximately $794,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after acquiring an additional 110,311 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $6,915,909,000. State Street Corp increased its stake in Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after purchasing an additional 486,861 shares in the last quarter. Morgan Stanley increased its stake in Travelers Companies by 2.3% in the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after purchasing an additional 123,564 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the sale, the executive vice president owned 5,298 shares in the company, valued at $2,048,789.58. This trade represents a 44.01% decrease in their position. 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 90 days. Insiders own 1.39% of the company’s stock.
Analyst Upgrades and Downgrades
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Travelers Companies Price Performance
NYSE:TRV opened at $364.79 on Friday. The firm has a market cap of $76.09 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $351.09 and its two-hundred day moving average is $317.80. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70.
Travelers Companies (NYSE:TRV – Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.51 earnings per share. Research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.
Travelers Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.
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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