Mufg Securities Americas Inc. Increases Position in The Travelers Companies, Inc. $TRV

Mufg Securities Americas Inc. lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 25.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,021 shares of the insurance provider’s stock after acquiring an additional 1,008 shares during the period. Mufg Securities Americas Inc.’s holdings in Travelers Companies were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Journey Strategic Wealth LLC boosted its position in Travelers Companies by 65.1% in the second quarter. Journey Strategic Wealth LLC now owns 1,521 shares of the insurance provider’s stock valued at $407,000 after buying an additional 600 shares during the last quarter. Archer Investment Corp increased its stake in shares of Travelers Companies by 3,537.0% in the second quarter. Archer Investment Corp now owns 982 shares of the insurance provider’s stock worth $263,000 after acquiring an additional 955 shares during the period. MAI Capital Management raised its holdings in shares of Travelers Companies by 5.2% during the second quarter. MAI Capital Management now owns 14,313 shares of the insurance provider’s stock worth $3,829,000 after purchasing an additional 704 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after purchasing an additional 751,715 shares during the period. Finally, Swiss National Bank boosted its holdings in Travelers Companies by 7.1% in the second quarter. Swiss National Bank now owns 685,900 shares of the insurance provider’s stock valued at $183,506,000 after purchasing an additional 45,600 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the transaction, the insider owned 255,086 shares in the company, valued at approximately $73,337,225. This represents a 0.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 37,375 shares of company stock valued at $10,374,006. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.8%

Shares of Travelers Companies stock opened at $290.21 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $292.50. The firm has a market capitalization of $64.74 billion, a PE ratio of 11.41, a P/E/G ratio of 2.38 and a beta of 0.55. The firm’s 50-day moving average price is $276.41 and its 200 day moving average price is $270.39.

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

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is 17.30%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TRV shares. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Wolfe Research assumed coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Piper Sandler lifted 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. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $292.73.

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.