OVERSEA CHINESE BANKING Corp Ltd Has $209,000 Holdings in The Travelers Companies, Inc. $TRV

OVERSEA CHINESE BANKING Corp Ltd reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 40.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 780 shares of the insurance provider’s stock after selling 532 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Travelers Companies were worth $209,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. PFG Advisors increased its position in Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after purchasing an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. increased its position in Travelers Companies by 3.0% in the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after purchasing an additional 1,772 shares during the last quarter. Atlas Capital Advisors Inc. increased its position in Travelers Companies by 890.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after purchasing an additional 4,098 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after acquiring an additional 1,703 shares in the last quarter. Finally, Alpha Cubed Investments LLC boosted its stake in shares of Travelers Companies by 200.2% during the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock worth $870,000 after acquiring an additional 2,194 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Piper Sandler upped their price target on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $291.31.

Travelers Companies Trading Down 0.8%

Shares of TRV opened at $268.30 on Wednesday. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $274.22 and a 200-day simple moving average of $267.65. The stock has a market cap of $59.85 billion, a PE ratio of 10.55, a PEG ratio of 2.43 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior year, the firm posted $5.24 EPS. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 17.30%.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Company 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.