Osmosis Investment Management UK Ltd Purchases New Position in The Travelers Companies, Inc. $TRV

Osmosis Investment Management UK Ltd purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,273 shares of the insurance provider’s stock, valued at approximately $501,000.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Berman McAleer LLC raised its holdings in shares of Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock valued at $295,000 after acquiring an additional 30 shares in the last quarter. Willner & Heller LLC lifted its stake in Travelers Companies by 2.7% in the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after acquiring an additional 32 shares during the period. Spinnaker Trust boosted its holdings in Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares in the last quarter. Cim LLC boosted its holdings in Travelers Companies by 0.4% in the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after acquiring an additional 34 shares in the last quarter. Finally, Avalon Trust Co increased its position in Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several research reports. Piper Sandler upped their price objective on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. HSBC boosted their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Finally, Bank of America lifted their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $354.26.

Insider Buying and Selling at Travelers Companies

In other news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,667 shares of company stock valued at $19,611,829 over the last three months. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $369.40 on Wednesday. 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 firm has a market capitalization of $77.05 billion, a P/E ratio of 9.89, a P/E/G ratio of 3.52 and a beta of 0.45. The business has a fifty day simple moving average of $354.79 and a two-hundred day simple moving average of $319.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.51 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid 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 yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

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.