XTX Topco Ltd Invests $213,000 in The Travelers Companies, Inc. (NYSE:TRV)

XTX Topco Ltd purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 806 shares of the insurance provider’s stock, valued at approximately $213,000.

A number of other hedge funds also recently made changes to their positions in TRV. Price T Rowe Associates Inc. MD boosted its holdings in Travelers Companies by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider’s stock worth $903,937,000 after purchasing an additional 70,036 shares during the period. Bank of America Corp DE raised its position in Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after acquiring an additional 2,466,098 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Travelers Companies by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider’s stock worth $813,704,000 after acquiring an additional 243,484 shares in the last quarter. Northern Trust Corp raised its holdings in Travelers Companies by 12.3% during the 4th quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider’s stock worth $801,979,000 after buying an additional 364,379 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Travelers Companies by 12.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider’s stock worth $653,443,000 after buying an additional 291,506 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRV. Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Cantor Fitzgerald started coverage on shares of Travelers Companies in a research note on Tuesday. They issued an “overweight” rating on the stock. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 21st. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, UBS Group boosted their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $282.69.

Travelers Companies Trading Down 0.1%

NYSE:TRV opened at $264.02 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $208.63 and a twelve month high of $277.83. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $262.68 and a two-hundred day moving average price of $258.98. The company has a market cap of $59.44 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.51 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the sale, the executive vice president directly owned 118,116 shares in the company, valued at approximately $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the sale, the insider directly owned 48,387 shares of the company’s stock, valued at $13,254,650.91. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock valued at $47,929,912 over the last ninety days. 1.46% of the stock is owned by insiders.

Travelers Companies Company Profile

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.