The Travelers Companies, Inc. $TRV Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 701,442 shares of the insurance provider’s stock after selling 36,863 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.31% of Travelers Companies worth $187,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRV. Westerkirk Capital Inc. purchased a new position in Travelers Companies in the second quarter worth $1,097,000. Fisher Asset Management LLC grew its stake in shares of Travelers Companies by 20.8% during the 2nd quarter. Fisher Asset Management LLC now owns 1,834 shares of the insurance provider’s stock worth $491,000 after purchasing an additional 316 shares during the period. Shelton Capital Management increased its holdings in shares of Travelers Companies by 3.7% in the 2nd quarter. Shelton Capital Management now owns 53,116 shares of the insurance provider’s stock valued at $14,211,000 after purchasing an additional 1,873 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Travelers Companies by 5.1% in the second quarter. Panagora Asset Management Inc. now owns 243,966 shares of the insurance provider’s stock valued at $65,271,000 after purchasing an additional 11,863 shares during the period. Finally, VestGen Advisors LLC boosted its holdings in Travelers Companies by 6.0% during the second quarter. VestGen Advisors LLC now owns 1,210 shares of the insurance provider’s stock worth $324,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,493,829. This trade represents a 48.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,295 shares of company stock worth $13,011,918 in the last quarter. Company insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRV. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Piper Sandler raised their price target on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $292.73.

Travelers Companies Trading Down 0.7%

Shares of TRV opened at $288.56 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $64.37 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The stock’s fifty day simple moving average is $278.72 and its 200 day simple moving average is $271.57. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $296.85.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The firm had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.24 earnings per share. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is 17.30%.

About Travelers Companies

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.