Legal & General Group Plc Takes $799.60 Million Position in The Travelers Companies, Inc. $TRV

Legal & General Group Plc acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,626,472 shares of the insurance provider’s stock, valued at approximately $799,601,000. Legal & General Group Plc owned about 1.74% of Travelers Companies at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TRV. HHM Wealth Advisors LLC raised its stake in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies during the 1st quarter worth about $26,000. LifeSteps Financial Inc. acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $26,000. Kilter Group LLC purchased a new position in shares of Travelers Companies in the 2nd quarter valued at about $26,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRV. TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research note on Monday, July 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Truist Financial raised their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, July 20th. The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a report on Monday, July 20th. Finally, Cantor Fitzgerald increased their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $354.26.

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president directly owned 9,213 shares in the company, valued at approximately $3,393,884.94. The trade was a 63.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 52,667 shares of company stock worth $19,611,829 in the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 1.9%

Shares of TRV stock opened at $370.65 on Tuesday. The company has a market capitalization of $77.31 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $353.55 and its two-hundred day moving average is $318.93. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the prior year, the business earned $6.51 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s dividend payout ratio is presently 13.39%.

About Travelers Companies

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.