1,876 The Travelers Companies, Inc. $TRV Shares Sold by Summit Global Investments

Summit Global Investments lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 74.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 635 shares of the insurance provider’s stock after selling 1,876 shares during the period. Summit Global Investments’ holdings in Travelers Companies were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TRV. BlackRock Inc. purchased a new position in Travelers Companies during the 2nd quarter worth $6,915,909,000. Dimensional Fund Advisors LP increased its position in Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after buying an additional 123,564 shares in the last quarter. Bank of America Corp DE acquired a new position in Travelers Companies during the 2nd quarter valued at about $932,142,000. GQG Partners LLC acquired a new position in Travelers Companies during the 2nd quarter valued at about $789,024,000. Finally, First Trust Advisors LP raised its stake in Travelers Companies by 7.2% in the first quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock valued at $497,431,000 after buying an additional 115,276 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 9,016 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total value of $3,656,619.12. Following the completion of the transaction, the executive vice president directly owned 6,075 shares in the company, valued at $2,463,837.75. This trade represents a 59.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 11,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $393.84, for a total value of $4,332,240.00. Following the sale, the executive vice president directly owned 11,000 shares of the company’s stock, valued at $4,332,240. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 180,287 shares of company stock worth $71,713,050. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of TRV opened at $395.06 on Wednesday. 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 company’s fifty day moving average price is $375.72 and its 200-day moving average price is $330.78. The Travelers Companies, Inc. has a 1-year low of $268.00 and a 1-year high of $407.86. The firm has a market capitalization of $80.97 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 2.76 and a beta of 0.40.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. The company had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $8.14 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 36.27 EPS for the current year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on TRV. Morgan Stanley raised their price target on Travelers Companies from $330.00 to $350.00 and gave the stock an “underweight” rating in a report on Friday, October 23rd. Truist Financial boosted their price target on Travelers Companies from $425.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. BMO Capital Markets upped their price objective on shares of Travelers Companies from $379.00 to $388.00 and gave the company a “market perform” rating in a report on Tuesday, October 20th. Piper Sandler increased their price objective on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Friday, October 16th. Three research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $366.37.

Travelers Companies 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.