Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Position in The Travelers Companies, Inc. $TRV

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,740 shares of the insurance provider’s stock after selling 11,495 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Travelers Companies worth $84,531,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Osterweis Capital Management Inc. grew its stake in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Missouri Trust & Investment Co boosted its position in shares of Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Delos Wealth Advisors LLC purchased a new stake in Travelers Companies in the second quarter worth $27,000. Barnes Dennig Private Wealth Management LLC boosted its position in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Finally, Quaker Wealth Management LLC raised its position in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Up 0.1%

TRV stock opened at $269.81 on Wednesday. The firm has a 50-day simple moving average of $285.82 and a 200-day simple moving average of $275.51. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $296.85. The stock has a market capitalization of $60.18 billion, a P/E ratio of 10.61, a P/E/G ratio of 2.57 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler upped their target price on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Evercore ISI upped their price objective on Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Mizuho initiated coverage on shares of Travelers Companies in a research report on Monday, December 15th. They set a “neutral” rating and a $317.00 price target for the company. Finally, UBS Group lifted their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $299.69.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 8,920 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the sale, the executive vice president owned 117,596 shares in the company, valued at approximately $34,776,665.08. The trade was a 7.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,803 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the transaction, the insider directly owned 255,086 shares of the company’s stock, valued at approximately $73,860,151.30. This represents a 0.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,295 shares of company stock worth $13,011,918 over the last quarter. Company insiders own 1.46% of the company’s stock.

Travelers Companies Company 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.