Brandywine Global Investment Management LLC Decreases Stock Holdings in The Travelers Companies, Inc. $TRV

Brandywine Global Investment Management LLC trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,914 shares of the insurance provider’s stock after selling 8,510 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.09% of Travelers Companies worth $55,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bearing Point Capital LLC lifted its stake in shares of Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock worth $522,000 after purchasing an additional 38 shares during the period. Y.D. More Investments Ltd raised its position in Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 39 shares during the period. Park National Corp OH boosted its stake in shares of Travelers Companies by 1.6% during the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after acquiring an additional 40 shares during the last quarter. ORG Partners LLC grew its position in shares of Travelers Companies by 5.6% during the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after acquiring an additional 41 shares during the period. Finally, Park Place Capital Corp increased its stake in shares of Travelers Companies by 33.1% in the 2nd quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $287.98 on Friday. The company has a market cap of $64.24 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $290.61. The stock’s 50 day simple moving average is $276.18 and its two-hundred day simple moving average is $270.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

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

Travelers Companies Announces Dividend

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

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction that occurred on 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 in the company, valued at approximately $7,493,829. The trade was a 48.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 37,375 shares of company stock valued at $10,374,006. Insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Piper Sandler boosted their price objective on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $292.73.

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.