Man Group plc Makes New Investment in The Travelers Companies, Inc. $TRV

Man Group plc purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 52,600 shares of the insurance provider’s stock, valued at approximately $11,598,000.

Other hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its holdings in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the last quarter. Osterweis Capital Management Inc. grew its stake in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $26,000. Finally, LifeSteps Financial Inc. acquired a new stake in Travelers Companies during the second quarter valued at approximately $26,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Piper Sandler upped their price target on Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective for the company. in a research note on Monday, July 20th. Finally, Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Price Performance

Shares of TRV opened at $369.85 on Friday. The business’s 50-day moving average is $358.56 and its 200-day moving average is $320.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $77.14 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 3.51 and a beta of 0.45. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70.

Travelers Companies (NYSE:TRV) last posted 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. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $6.51 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The stock was 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 owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This trade represents a 63.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,667 shares of company stock valued at $19,611,829 in the last three months. Company insiders own 1.39% of the company’s stock.

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.