The Travelers Companies, Inc. $TRV Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,982 shares of the insurance provider’s stock after acquiring an additional 4,391 shares during the period. SG Americas Securities LLC’s holdings in Travelers Companies were worth $63,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TRV. Norges Bank acquired a new position in Travelers Companies in the fourth quarter worth about $723,339,000. State Street Corp raised its stake in Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after buying an additional 486,861 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in Travelers Companies by 102.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after buying an additional 458,746 shares in the last quarter. Woodline Partners LP bought a new position in Travelers Companies during the 3rd quarter worth approximately $99,680,000. Finally, AQR Capital Management LLC lifted its holdings in Travelers Companies by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after buying an additional 331,170 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TRV. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Brean Capital initiated coverage on shares of Travelers Companies in a research note on Thursday, March 12th. They set a “neutral” rating for the company. Piper Sandler increased their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Bank of America reduced their price target on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $309.07.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. The trade was a 51.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This trade represents a 12.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

Shares of TRV opened at $310.87 on Tuesday. The firm has a fifty day moving average of $301.52 and a 200-day moving average of $295.18. The company has a market cap of $66.11 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.66.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. Travelers Companies’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.91 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is presently 14.88%.

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.