The Travelers Companies, Inc. $TRV Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 95.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 545 shares of the insurance provider’s stock after selling 12,830 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Travelers Companies were worth $159,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Cahaba Wealth Management Inc. increased its holdings in Travelers Companies by 2.8% in the 1st quarter. Cahaba Wealth Management Inc. now owns 1,911 shares of the insurance provider’s stock valued at $557,000 after purchasing an additional 52 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of Travelers Companies by 2.5% during the first quarter. Frank Rimerman Advisors LLC now owns 3,109 shares of the insurance provider’s stock worth $907,000 after buying an additional 76 shares during the period. Cvfg LLC purchased a new position in shares of Travelers Companies during the first quarter worth $6,137,000. Duncker Streett & Co. Inc. grew its stake in shares of Travelers Companies by 167.8% in the first quarter. Duncker Streett & Co. Inc. now owns 399 shares of the insurance provider’s stock valued at $116,000 after buying an additional 250 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its holdings in shares of Travelers Companies by 0.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 6,711 shares of the insurance provider’s stock valued at $1,957,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TRV shares. Morgan Stanley increased their target price on Travelers Companies from $310.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Monday. Piper Sandler boosted their price target on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. UBS Group increased their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday. Roth Capital reissued a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $328.76.

Travelers Companies News Roundup

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

• Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “market perform” rating on Travelers and raised its price target to $356 from $342, implying modest upside from current levels. KBW price target update
• Positive Sentiment: Travelers announced it will be the first anchor carrier partner in Applied’s new submissionless commercial insurance experience, an AI-enabled tool that could improve quote speed and workflow efficiency for agents and carriers. Applied partnership announcement
• Positive Sentiment: A Zacks note highlighted that Travelers’ auto and homeowners insurance business is driving growth, with recurring premiums and underwriting income supported by disciplined pricing and technology. Zacks growth note
• Neutral Sentiment: Mizuho raised its price target to $324 from $304 but kept a “neutral” rating, signaling limited near-term upside in its view. Mizuho price target update
• Neutral Sentiment: Wells Fargo lifted its target to $334 from $295 while maintaining an “equal weight” stance, also suggesting the shares are fairly valued after the recent rally. Wells Fargo price target update
• Negative Sentiment: A Seeking Alpha piece argued that Travelers’ strong fundamentals may already be reflected in the recent run-up, reinforcing a more cautious view after the stock’s sharp climb. Seeking Alpha downgrade

Travelers Companies Trading Down 0.3%

NYSE TRV opened at $336.88 on Friday. The firm’s fifty day moving average price is $309.46 and its 200 day moving average price is $299.48. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $349.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $71.64 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the company earned $1.91 earnings per share. Travelers Companies’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 28.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider owned 259,590 shares in the company, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 37,573 shares of company stock worth $11,504,146. Insiders own 1.39% of the company’s stock.

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.