Partners Capital Investment Group LLP Invests $490,000 in The Travelers Companies, Inc. $TRV

Partners Capital Investment Group LLP bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,223 shares of the insurance provider’s stock, valued at approximately $490,000.

Several other hedge funds have also recently bought and sold shares of TRV. BlackRock Inc. acquired a new stake in shares of Travelers Companies during the second quarter worth approximately $6,915,909,000. Norges Bank bought a new position in Travelers Companies during the fourth quarter valued at about $723,339,000. GQG Partners LLC bought a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $789,024,000. Bank of New York Mellon Corp bought a new position in shares of Travelers Companies in the second quarter valued at approximately $469,505,000. Finally, Deutsche Bank AG acquired a new position in Travelers Companies during the 2nd quarter worth $301,772,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 1.9%

NYSE:TRV opened at $370.65 on Tuesday. The stock has a market capitalization of $77.31 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 3.46 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. 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 business’s 50-day simple moving average is $353.55 and its 200-day simple moving average is $318.93.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.51 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research analyst reports. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday. Piper Sandler boosted their price target on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Raymond James Financial set a $430.00 target price on Travelers Companies in a report on Monday, July 20th. Finally, Barclays boosted their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $354.26.

Insider Activity

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is currently owned by company insiders.

About Travelers Companies

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.