USS Investment Management Ltd Grows Position in The Travelers Companies, Inc. $TRV

USS Investment Management Ltd grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 39,325 shares of the insurance provider’s stock after buying an additional 2,035 shares during the period. USS Investment Management Ltd’s holdings in Travelers Companies were worth $11,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TRV. Norges Bank bought a new position in shares of Travelers Companies during the 4th quarter valued at approximately $723,339,000. State Street Corp raised its stake in Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after acquiring an additional 486,861 shares during the period. AustralianSuper Pty Ltd lifted its holdings in Travelers Companies by 102.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after purchasing an additional 458,746 shares in the last quarter. Woodline Partners LP purchased a new position in Travelers Companies during the third quarter valued at approximately $99,680,000. Finally, AQR Capital Management LLC boosted its position in shares of Travelers Companies by 22.8% in the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after purchasing an additional 331,170 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.5%

Travelers Companies stock opened at $334.97 on Thursday. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $337.46. The firm’s 50 day moving average price is $305.16 and its 200-day moving average price is $297.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $71.23 billion, a P/E ratio of 9.97, a PEG ratio of 2.98 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. Travelers Companies’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were issued a dividend of $1.25 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s payout ratio is currently 14.88%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Piper Sandler lifted their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Brean Capital initiated coverage on shares of Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating for the company. Wells Fargo & Company increased their price target on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $309.07.

Insider Activity

In related news, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the transaction, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. This represents a 51.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by corporate insiders.

Travelers Companies 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.