E Fund Management Co. Ltd. Acquires New Shares in The Travelers Companies, Inc. $TRV

E Fund Management Co. Ltd. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,097 shares of the insurance provider’s stock, valued at approximately $462,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Travelers Companies during the fourth quarter worth about $276,000. WINTON GROUP Ltd acquired a new stake in shares of Travelers Companies in the 2nd quarter worth about $382,000. CIBC Asset Management Inc increased its holdings in shares of Travelers Companies by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after acquiring an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Travelers Companies by 2.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after purchasing an additional 2,117 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRV has been the subject of a number of analyst reports. Piper Sandler boosted their target price on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Morgan Stanley boosted their price objective on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $354.26.

Insider Activity

In other news, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane Kurtzman sold 4,164 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. This represents a 44.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,667 shares of company stock valued at $22,688,329 over the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $364.79 on Friday. The firm has a market capitalization of $76.09 billion, a PE ratio of 9.77, a P/E/G ratio of 3.44 and a beta of 0.45. 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 firm has a 50-day moving average price of $351.09 and a 200 day moving average price of $317.80. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.51 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.