The Travelers Companies, Inc. $TRV Stock Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 93.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,000 shares of the insurance provider’s stock after selling 13,612 shares during the period. Eagle Rock Investment Company LLC’s holdings in Travelers Companies were worth $357,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Travelers Companies during the second quarter worth approximately $6,915,909,000. Bank of America Corp DE purchased a new stake in Travelers Companies during the second quarter valued at approximately $932,142,000. GQG Partners LLC purchased a new stake in Travelers Companies during the second quarter valued at approximately $789,024,000. Legal & General Group Plc bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $558,164,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $469,505,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Travelers Companies stock opened at $398.83 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $264.25 and a 1-year high of $399.71. The firm has a market capitalization of $81.74 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 2.80 and a beta of 0.43. The company’s 50-day moving average is $370.12 and its 200 day moving average is $339.95.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter last year, the firm earned $8.14 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts forecast that The Travelers Companies, Inc. will post 35.47 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s dividend payout ratio is presently 13.11%.

Travelers Companies News Summary

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, adding to the positive analyst sentiment following the company’s earnings performance. Wells Fargo Travelers stock outlook
• Positive Sentiment: Truist Financial raised its price target for Travelers, signaling improved expectations for the insurer’s valuation. Truist raises Travelers price target
• Positive Sentiment: Travelers reported third-quarter earnings of $9.18 per share, well above the $7.39 consensus estimate, while revenue also exceeded expectations. The earnings beat supports the recent strength in TRV shares.
• Positive Sentiment: Analysts’ overall fair-value estimates moved modestly higher after the third-quarter results, reflecting better operating expectations for the insurer. Travelers fair value lift

Insider Transactions at Travelers Companies

In other news, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the sale, the executive vice president directly owned 5,298 shares in the company, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 17,317 shares of company stock worth $6,597,631. 1.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Piper Sandler lifted their target price on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. JPMorgan Chase & Co. increased their price target on Travelers Companies from $352.00 to $379.00 and gave the company a “neutral” rating in a report on Tuesday. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target for the company. in a research report on Monday, July 13th. Bank of America lifted their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Finally, Evercore set a $329.00 price objective on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $364.32.

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.