Daiichi Life Insurance Co. Ltd. bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,930 shares of the insurance provider’s stock, valued at approximately $5,276,000.
A number of other large investors have also recently made changes to their positions in TRV. BlackRock Inc. purchased a new position in shares of Travelers Companies during the second quarter valued at approximately $6,915,909,000. Norges Bank purchased a new stake in Travelers Companies in the fourth quarter worth approximately $723,339,000. GQG Partners LLC purchased a new stake in Travelers Companies in the second quarter worth approximately $789,024,000. Bank of New York Mellon Corp bought a new stake in Travelers Companies in the 2nd quarter worth approximately $469,505,000. Finally, Deutsche Bank AG purchased a new stake in Travelers Companies during the 2nd quarter valued at $301,772,000. 82.45% of the stock is currently owned by institutional investors.
Travelers Companies Trading Down 0.2%
Shares of TRV stock opened at $363.83 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $75.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The firm has a fifty day moving average price of $352.28 and a 200-day moving average price of $318.12.
Travelers Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. 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 is presently 13.39%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Raymond James Financial set a $430.00 price target on Travelers Companies in a report on Monday, July 20th. Piper Sandler lifted their price objective on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research report on Tuesday, May 26th. Evercore set a $329.00 price target on Travelers Companies and gave the company an “in-line” rating in a research note on Friday, July 10th. Finally, Morgan Stanley upped their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $354.26.
View Our Latest Stock Analysis on TRV
Insider Transactions at Travelers Companies
In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. The trade was a 9.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 62,667 shares of company stock valued at $22,688,329. Company 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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