Baird Financial Group Inc. Sells 26,799 Shares of The Travelers Companies, Inc. $TRV

Baird Financial Group Inc. lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 30.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,007 shares of the insurance provider’s stock after selling 26,799 shares during the quarter. Baird Financial Group Inc.’s holdings in Travelers Companies were worth $16,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Y.D. More Investments Ltd lifted its stake in shares of Travelers Companies by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 39 shares during the last quarter. Associated Banc Corp grew its stake in Travelers Companies by 1.4% in the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after purchasing an additional 39 shares during the last quarter. Park National Corp OH raised its holdings in Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after purchasing an additional 40 shares in the last quarter. ORG Partners LLC lifted its position in shares of Travelers Companies by 5.6% during the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after buying an additional 41 shares during the last quarter. Finally, Park Place Capital Corp lifted its position in shares of Travelers Companies by 33.1% during the second quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock valued at $44,000 after buying an additional 41 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.8%

NYSE:TRV opened at $280.72 on Friday. 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 Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $296.85. The company has a market cap of $62.62 billion, a PE ratio of 11.04, a P/E/G ratio of 2.76 and a beta of 0.53. The company’s 50 day moving average is $279.10 and its two-hundred day moving average is $271.76.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 1,803 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the transaction, the insider directly owned 255,086 shares of the company’s stock, valued at approximately $73,860,151.30. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,295 shares of company stock worth $13,011,918 in the last 90 days. 1.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRV. Barclays set a $313.00 price objective on shares of Travelers Companies in a research report on Wednesday, October 8th. Piper Sandler increased their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. UBS Group lifted their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday, October 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Two equities research 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $292.73.

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.