Foster & Motley Inc. Invests $6.20 Million in The Travelers Companies, Inc. $TRV

Foster & Motley Inc. bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,794 shares of the insurance provider’s stock, valued at approximately $6,204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Arbejdsmarkedets Tillaegspension bought a new position in Travelers Companies during the 4th quarter worth $24,167,000. Rit Capital Partners PLC bought a new position in shares of Travelers Companies during the fourth quarter worth approximately $39,450,000. UBS Group AG raised its position in shares of Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after buying an additional 89,159 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Travelers Companies by 41.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after acquiring an additional 19,347 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new stake in Travelers Companies during the first quarter worth about $576,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.9%

TRV stock opened at $367.96 on Wednesday. The company has a market cap of $76.74 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 3.52 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 stock’s 50 day simple moving average is $348.71 and its 200 day simple moving average is $316.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the company earned $6.51 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, research 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 announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last three months. 1.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TRV has been the subject of several research analyst reports. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Truist Financial raised their price objective on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Barclays lifted their price target on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Profile

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.