Rockefeller Capital Management L.P. Increases Stake in The Travelers Companies, Inc. $TRV

Rockefeller Capital Management L.P. boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 23.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,650 shares of the insurance provider’s stock after buying an additional 6,463 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Travelers Companies were worth $9,003,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Travelers Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock valued at $5,747,656,000 after purchasing an additional 115,808 shares during the period. Geode Capital Management LLC increased its holdings in Travelers Companies by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock worth $1,481,805,000 after purchasing an additional 54,363 shares during the period. Valeo Financial Advisors LLC raised its position in 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. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock valued at $899,988,000 after buying an additional 25,573 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Travelers Companies by 25.3% during the first 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. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the transaction, the insider directly owned 255,086 shares in the company, valued at approximately $73,337,225. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the sale, the chief financial officer owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. This trade represents a 48.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 54,195 shares of company stock worth $15,042,229. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Down 0.5%

NYSE TRV opened at $285.33 on Thursday. The firm’s fifty day moving average price is $276.01 and its 200 day moving average price is $270.10. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $290.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $63.65 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the prior year, the firm posted $5.24 earnings per share. Travelers Companies’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company 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 dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TRV. Wolfe Research initiated coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. Piper Sandler raised their price objective on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $291.94.

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.