Ieq Capital LLC Takes $4.24 Million Position in The Travelers Companies, Inc. $TRV

Ieq Capital LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, Holdings Channel reports. The fund purchased 19,228 shares of the insurance provider’s stock, valued at approximately $4,240,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Travelers Companies during the second quarter valued at $6,915,909,000. Norges Bank bought a new stake in shares of Travelers Companies in the 4th quarter worth about $723,339,000. Bank of New York Mellon Corp purchased a new position in shares of Travelers Companies during the 2nd quarter worth about $469,505,000. Deutsche Bank AG purchased a new position in shares of Travelers Companies during the 2nd quarter worth about $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Travelers Companies during the 2nd quarter valued at about $205,539,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 52,667 shares of company stock worth $19,611,829 over the last quarter. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $370.65 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $77.31 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The firm has a 50-day moving average of $353.55 and a two-hundred day moving average of $318.93. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

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

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TRV shares. Barclays raised their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Truist Financial upped their target price on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Cantor Fitzgerald increased their price target on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. Finally, Bank of America upped their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $354.26.

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.