Intech Investment Management LLC Boosts Stake in The Travelers Companies, Inc. $TRV

Intech Investment Management LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 29.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 119,249 shares of the insurance provider’s stock after purchasing an additional 27,051 shares during the period. Intech Investment Management LLC’s holdings in Travelers Companies were worth $34,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Brighton Jones LLC boosted its position in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after buying an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in Travelers Companies in the 4th quarter valued at about $276,000. WINTON GROUP Ltd purchased a new position in Travelers Companies in the 2nd quarter valued at about $382,000. CIBC Asset Management Inc boosted its position in Travelers Companies by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock valued at $18,336,000 after buying an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted 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 buying an additional 2,117 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Key Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: JPMorgan upgraded Travelers Companies (TRV), adding to a generally supportive analyst backdrop and reinforcing confidence in the insurer’s earnings outlook. JPMorgan Upgrades Travelers Companies (TRV)
• Positive Sentiment: Piper Sandler reiterated a Buy rating on Travelers, signaling continued Street support for the stock. Piper Sandler Remains a Buy on Travelers Companies (TRV)
• Positive Sentiment: Analyst estimate updates remain constructive overall, with Travelers still expected to generate strong full-year earnings and broker targets clustered above the current share price.
• Positive Sentiment: The company’s recent dividend increase may also support sentiment, as it highlights management confidence and capital return strength.
• Neutral Sentiment: A valuation-focused article noted that recent returns have softened versus longer-term gains, suggesting the stock may already reflect much of its recent strength. A Look At Travelers Companies (TRV) Valuation As Recent Returns Soften Against Longer Term Gains
• Negative Sentiment: Executive Vice President Michael Frederick Klein sold 10,000 shares worth about $3.08 million, and the insider sale may raise caution about near-term upside. Travelers Companies (NYSE:TRV) EVP Sells $3,076,500.00 in Stock

Analyst Upgrades and Downgrades

TRV has been the subject of a number of analyst reports. Cantor Fitzgerald upped their price objective on shares of Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Barclays increased their price target on shares of Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Brean Capital started coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $311.47.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $294.50 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $299.27 and its two-hundred day moving average price is $293.73. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The stock has a market capitalization of $62.63 billion, a P/E ratio of 8.76, a P/E/G ratio of 2.70 and a beta of 0.50.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the company posted $1.91 earnings per share. Travelers Companies’s revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a $1.25 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is 13.09%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This represents a 35.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,573 shares of company stock valued at $11,504,146 over the last ninety days. Insiders own 1.39% of the company’s stock.

Travelers Companies 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.