Vanguard Personalized Indexing Management LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 21.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,242 shares of the insurance provider’s stock after purchasing an additional 6,968 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Travelers Companies were worth $10,512,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Valeo Financial Advisors LLC boosted its stake in shares of Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after purchasing an additional 3,611,758 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Travelers Companies in the 1st quarter valued at $294,755,000. Bahl & Gaynor Inc. boosted its stake in shares of Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after purchasing an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Travelers Companies by 86.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after buying an additional 342,666 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.
Travelers Companies Stock Performance
Shares of NYSE:TRV opened at $269.92 on Monday. The stock has a market capitalization of $60.77 billion, a P/E ratio of 11.94, a P/E/G ratio of 3.08 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $273.66 and a two-hundred day moving average price of $266.18.
Travelers Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s payout ratio is currently 19.46%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TRV. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Wells Fargo & Company upped their price target on shares of Travelers Companies from $275.00 to $291.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Finally, Morgan Stanley upped their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $290.11.
Read Our Latest Report on Travelers Companies
Insider Transactions at Travelers Companies
In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president directly owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.
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.
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