Nisa Investment Advisors LLC Purchases 472 Shares of The Travelers Companies, Inc. $TRV

Nisa Investment Advisors LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,131 shares of the insurance provider’s stock after purchasing an additional 472 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Travelers Companies were worth $23,311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bearing Point Capital LLC grew its position in Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after acquiring an additional 38 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of Travelers Companies by 0.9% during the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock valued at $1,171,000 after purchasing an additional 39 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Travelers Companies by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 39 shares during the last quarter. Park National Corp OH grew its stake in shares of Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after buying an additional 40 shares during the last quarter. Finally, ORG Partners LLC grew its stake in shares of Travelers Companies by 5.6% during the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after buying an additional 41 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRV. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Citigroup started coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Piper Sandler raised their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Finally, Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $291.31.

Travelers Companies Price Performance

Shares of TRV stock opened at $269.98 on Monday. 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 business’s 50 day moving average price is $274.13 and its 200-day moving average price is $267.34. The firm has a market cap of $60.22 billion, a P/E ratio of 10.62, a P/E/G ratio of 2.44 and a beta of 0.51. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The business had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $5.24 EPS. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is presently 17.30%.

Travelers Companies Company Profile

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.