The Travelers Companies, Inc. (NYSE:TRV) Stock Position Raised by Simmons Bank

Simmons Bank lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 29.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,903 shares of the insurance provider’s stock after acquiring an additional 436 shares during the quarter. Simmons Bank’s holdings in Travelers Companies were worth $387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. International Assets Investment Management LLC lifted its position in Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after buying an additional 473,453 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in Travelers Companies by 235.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 17,886 shares of the insurance provider’s stock worth $3,407,000 after buying an additional 12,548 shares in the last quarter. Addison Advisors LLC lifted its position in Travelers Companies by 51.8% in the 4th quarter. Addison Advisors LLC now owns 331 shares of the insurance provider’s stock worth $63,000 after buying an additional 113 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Travelers Companies by 4.8% in the 4th quarter. Russell Investments Group Ltd. now owns 587,529 shares of the insurance provider’s stock worth $111,897,000 after buying an additional 27,020 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its position in Travelers Companies by 7.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 2,627 shares of the insurance provider’s stock worth $500,000 after buying an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TRV. Deutsche Bank Aktiengesellschaft increased their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Citigroup increased their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Morgan Stanley dropped their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, Piper Sandler dropped their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $223.78.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded up $0.76 during midday trading on Wednesday, hitting $224.40. The company’s stock had a trading volume of 776,751 shares, compared to its average volume of 1,336,218. The stock has a market capitalization of $51.39 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.12 and a beta of 0.61. The stock’s 50 day simple moving average is $211.14 and its 200 day simple moving average is $215.57. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same period last year, the business earned $0.06 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.23 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

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.