Intech Investment Management LLC Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Intech Investment Management LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 37.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,053 shares of the insurance provider’s stock after buying an additional 11,286 shares during the period. Intech Investment Management LLC’s holdings in Travelers Companies were worth $8,348,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TRV. Gryphon Financial Partners LLC raised its stake in Travelers Companies by 35.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,381 shares of the insurance provider’s stock valued at $444,000 after buying an additional 623 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Travelers Companies by 1.6% during the 4th quarter. D.A. Davidson & CO. now owns 10,553 shares of the insurance provider’s stock valued at $2,010,000 after acquiring an additional 164 shares during the period. InterOcean Capital Group LLC grew its position in shares of Travelers Companies by 7.3% during the 4th quarter. InterOcean Capital Group LLC now owns 2,295 shares of the insurance provider’s stock valued at $437,000 after acquiring an additional 157 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Travelers Companies by 3.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 26,926 shares of the insurance provider’s stock valued at $5,129,000 after acquiring an additional 836 shares during the period. Finally, SageView Advisory Group LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $455,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TRV shares. Royal Bank of Canada reissued a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Morgan Stanley cut their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Piper Sandler cut their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Barclays assumed coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $227.05.

Travelers Companies Stock Up 0.4 %

Shares of NYSE TRV opened at $238.53 on Friday. The firm’s 50-day moving average price is $221.42 and its 200-day moving average price is $217.57. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $54.37 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is 31.20%.

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.