Eagle Rock Investment Company LLC Sells 13,612 Shares of The Travelers Companies, Inc. $TRV

Eagle Rock Investment Company LLC trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 93.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,000 shares of the insurance provider’s stock after selling 13,612 shares during the period. Eagle Rock Investment Company LLC’s holdings in Travelers Companies were worth $357,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Travelers Companies during the second quarter worth approximately $6,915,909,000. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Travelers Companies in the second quarter valued at approximately $932,142,000. GQG Partners LLC purchased a new stake in shares of Travelers Companies in the second quarter valued at approximately $789,024,000. Finally, First Trust Advisors LP boosted its holdings in shares of Travelers Companies by 7.2% in the first quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock valued at $497,431,000 after purchasing an additional 115,276 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on TRV shares. Bank of America increased their price objective on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. BMO Capital Markets lifted their target price on Travelers Companies from $379.00 to $388.00 and gave the company a “market perform” rating in a research report on Tuesday. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $372.00 to $382.00 and gave the company a “market perform” rating in a research report on Tuesday. Roth Capital upped their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, HSBC increased their price target on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $364.32.

Get Our Latest Stock Report on Travelers Companies

Travelers Companies Trading Up 0.8%

NYSE TRV opened at $398.83 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $81.74 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 2.80 and a beta of 0.43. The company’s 50-day simple moving average is $370.12 and its two-hundred day simple moving average is $339.95. The Travelers Companies, Inc. has a one year low of $264.25 and a one year high of $399.71.

Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. During the same quarter in the previous year, the business posted $8.14 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 35.47 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.11%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 6,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the completion of the sale, the executive vice president owned 118,742 shares in the company, valued at $43,917,916.12. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the sale, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. This trade represents a 44.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,317 shares of company stock valued at $6,597,631 over the last ninety days. 1.39% of the stock is owned by company insiders.

More Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

  • Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, adding to the positive analyst sentiment following the company’s earnings performance. Wells Fargo Travelers stock outlook
  • Positive Sentiment: Truist Financial raised its price target for Travelers, signaling improved expectations for the insurer’s valuation. Truist raises Travelers price target
  • Positive Sentiment: Travelers reported third-quarter earnings of $9.18 per share, well above the $7.39 consensus estimate, while revenue also exceeded expectations. The earnings beat supports the recent strength in TRV shares.
  • Positive Sentiment: Analysts’ overall fair-value estimates moved modestly higher after the third-quarter results, reflecting better operating expectations for the insurer. Travelers fair value lift

About Travelers Companies

(Free Report)

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

See Also

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).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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