Commerce Bank Invests $117.04 Million in The Travelers Companies, Inc. $TRV

Commerce Bank acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 530,801 shares of the insurance provider’s stock, valued at approximately $117,036,000. Commerce Bank owned approximately 0.25% of Travelers Companies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. GQG Partners LLC bought a new position in Travelers Companies during the 2nd quarter valued at $789,024,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Travelers Companies in the 2nd quarter worth $11,338,000. Academy Capital Management bought a new stake in shares of Travelers Companies in the 2nd quarter worth $3,175,000. CFO4Life Group LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at $316,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Travelers Companies in the second quarter valued at $3,551,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.2%

Shares of Travelers Companies stock opened at $363.83 on Friday. The stock’s fifty day moving average is $352.28 and its 200-day moving average is $318.12. The firm has a market capitalization of $75.88 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70.

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

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend payout ratio (DPR) is currently 13.39%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TRV shares. Mizuho lifted their target price on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. UBS Group upped their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a research report on Monday, July 13th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Finally, Truist Financial boosted their target price 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. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $354.26.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 62,667 shares of company stock valued at $22,688,329 in the last quarter. Corporate 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.