2,889 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,889 shares of the insurance provider’s stock, valued at approximately $665,000.

A number of other hedge funds also recently bought and sold shares of TRV. Vanguard Group Inc. lifted its stake in Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after acquiring an additional 148,012 shares during the period. Dimensional Fund Advisors LP lifted its stake in Travelers Companies by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after acquiring an additional 154,886 shares during the period. Norges Bank bought a new position in Travelers Companies during the 4th quarter valued at about $282,593,000. Charles Schwab Investment Management Inc. lifted its stake in Travelers Companies by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after acquiring an additional 40,114 shares during the period. Finally, Boston Partners lifted its stake in Travelers Companies by 42.5% during the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock valued at $227,175,000 after acquiring an additional 355,489 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The disclosure for this sale can be found here. Insiders sold a total of 18,635 shares of company stock valued at $3,980,827 in the last three months. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

TRV traded up $2.48 during trading on Thursday, reaching $223.28. 75,302 shares of the company traded hands, compared to its average volume of 1,362,216. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The firm has a fifty day simple moving average of $210.81 and a 200 day simple moving average of $213.52. The company has a market cap of $51.13 billion, a P/E ratio of 16.40, a PEG ratio of 1.31 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same period last year, the business earned $4.11 earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts forecast that The Travelers Companies, Inc. will post 16.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TRV shares. Royal Bank of Canada restated a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research note on Monday, June 24th. Evercore ISI lowered their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Citigroup reiterated a “sell” rating and issued a $200.00 price objective (down previously from $226.00) on shares of Travelers Companies in a research note on Friday, June 28th. Piper Sandler reiterated a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus target price of $220.67.

Travelers Companies 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.