Horizon Investments LLC Buys 5,423 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Horizon Investments LLC increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 133.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,476 shares of the insurance provider’s stock after acquiring an additional 5,423 shares during the period. Horizon Investments LLC’s holdings in Travelers Companies were worth $1,732,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp raised its stake in Travelers Companies by 0.5% in the 4th quarter. State Street Corp now owns 17,289,745 shares of the insurance provider’s stock valued at $2,704,635,000 after acquiring an additional 86,596 shares during the period. Geode Capital Management LLC lifted its holdings in Travelers Companies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 4,233,724 shares of the insurance provider’s stock worth $660,678,000 after purchasing an additional 86,442 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Travelers Companies by 14.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,603,296 shares of the insurance provider’s stock valued at $658,429,000 after purchasing an additional 460,615 shares during the period. First Eagle Investment Management LLC grew its holdings in Travelers Companies by 0.5% in the 1st quarter. First Eagle Investment Management LLC now owns 3,108,769 shares of the insurance provider’s stock valued at $568,065,000 after buying an additional 15,694 shares in the last quarter. Finally, Norges Bank bought a new position in Travelers Companies during the 4th quarter worth $224,986,000. 82.39% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.2 %

TRV opened at $164.15 on Monday. The stock has a market cap of $38.95 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 3.00 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a twelve month low of $145.40 and a twelve month high of $187.98. The company has a fifty day moving average of $163.86 and a 200-day moving average of $171.05.

Travelers Companies (NYSE:TRVGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. Travelers Companies had a return on equity of 13.64% and a net margin of 9.97%. The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the previous year, the business earned $3.45 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 13.61 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, September 8th. Travelers Companies’s dividend payout ratio (DPR) is currently 25.82%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and decreased their price target for the company from $190.00 to $170.00 in a research note on Friday, June 3rd. Royal Bank of Canada reduced their target price on Travelers Companies from $183.00 to $165.00 in a report on Friday, July 22nd. Piper Sandler lowered their price target on Travelers Companies from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, July 22nd. Raymond James raised Travelers Companies from a “market perform” rating to a “strong-buy” rating and set a $185.00 price objective on the stock in a research note on Monday, July 25th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Travelers Companies in a research note on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $174.60.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 2,945 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $168.33, for a total value of $495,731.85. Following the sale, the executive vice president now owns 1,020 shares in the company, valued at approximately $171,696.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.07% of the company’s stock.

Travelers Companies Company Profile

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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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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