415 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Tobam

Tobam acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 415 shares of the insurance provider’s stock, valued at approximately $97,000.

Other large investors have also added to or reduced their stakes in the company. GLOBALT Investments LLC GA acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $11,472,000. V Square Quantitative Management LLC raised its position in shares of Travelers Companies by 88.7% during the fourth quarter. V Square Quantitative Management LLC now owns 5,946 shares of the insurance provider’s stock worth $1,133,000 after purchasing an additional 2,795 shares during the period. Scarborough Advisors LLC bought a new position in shares of Travelers Companies in the 4th quarter worth $222,000. Beacon Financial Group acquired a new stake in Travelers Companies in the 4th quarter valued at $1,602,000. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $262,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Citigroup upped their price target on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Royal Bank of Canada restated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research note on Monday, July 22nd. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, Piper Sandler lowered their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $230.89.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $233.20 on Friday. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market cap of $53.15 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.21 and a beta of 0.62. The company has a 50 day moving average of $226.94 and a 200 day moving average of $218.69.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) 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 business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter last year, the business posted $0.06 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.2 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 26.55%.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the 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 transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is currently owned by insiders.

About Travelers Companies

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.