Van ECK Associates Corp Makes New $11.24 Million Investment in The Travelers Companies, Inc. $TRV

Van ECK Associates Corp purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 34,056 shares of the insurance provider’s stock, valued at approximately $11,243,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $4,447,000. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $24,167,000. Biondo Investment Advisors LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $13,649,000. Evolve Private Wealth LLC purchased a new stake in Travelers Companies during the second quarter worth approximately $987,000. Finally, Rit Capital Partners PLC purchased a new stake in Travelers Companies during the fourth quarter worth approximately $39,450,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.0%

TRV opened at $366.31 on Tuesday. 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 Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The business’s 50 day moving average is $359.66 and its two-hundred day moving average is $321.44. The firm has a market cap of $76.40 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.51 earnings per share. On average, research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

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

Wall Street Analyst Weigh In

TRV has been the topic of several recent analyst reports. Cantor Fitzgerald increased their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Morgan Stanley increased their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Piper Sandler boosted their price target on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, HSBC upped their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $354.26.

Insider Activity

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,667 shares of company stock worth $21,830,989 over the last 90 days. 1.39% of the stock is owned by corporate insiders.

About Travelers Companies

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.