2,140 The Travelers Companies, Inc. $TRV Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 11.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,580 shares of the insurance provider’s stock after purchasing an additional 2,140 shares during the period. Park Avenue Securities LLC’s holdings in Travelers Companies were worth $7,337,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TRV. BlackRock Inc. purchased a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $6,915,909,000. Dimensional Fund Advisors LP grew its position in shares of Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after buying an additional 123,564 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Travelers Companies in the second quarter worth $932,142,000. GQG Partners LLC bought a new stake in shares of Travelers Companies in the second quarter worth $789,024,000. Finally, Legal & General Group Plc bought a new stake in shares of Travelers Companies in the second quarter worth $558,164,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Bank of America increased their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Piper Sandler boosted their target price on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Morgan Stanley upped their target price on shares of Travelers Companies from $330.00 to $350.00 and gave the company an “underweight” rating in a research note on Friday, October 23rd. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Friday, October 16th. Finally, Zacks Research downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target of $366.37.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 15,100 shares of Travelers Companies stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $398.44, for a total value of $6,016,444.00. Following the completion of the transaction, the executive vice president directly owned 103,642 shares of the company’s stock, valued at approximately $41,295,118.48. The trade was a 12.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mojgan Lefebvre sold 11,000 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total transaction of $4,332,240.00. Following the sale, the executive vice president directly owned 11,000 shares of the company’s stock, valued at approximately $4,332,240. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 177,287 shares of company stock worth $70,515,000. Company insiders own 1.39% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $393.54 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The firm has a market cap of $80.66 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.78 and a beta of 0.43. The Travelers Companies, Inc. has a 12-month low of $264.25 and a 12-month high of $407.86. The stock’s 50 day simple moving average is $373.17 and its 200 day simple moving average is $328.37.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The firm had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter in the previous year, the company posted $8.14 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 36.08 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.11%.

Travelers Companies Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.