The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 13.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,111 shares of the insurance provider’s stock after acquiring an additional 1,462 shares during the quarter. Ieq Capital LLC’s holdings in Travelers Companies were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the second quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC increased its position in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the 1st quarter worth approximately $42,000. Finally, Tributary Capital Management LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at approximately $45,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Piper Sandler cut their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Barclays initiated coverage on Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price for the company. Finally, TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $227.05.

Travelers Companies Stock Up 0.4 %

Shares of TRV opened at $238.53 on Friday. 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 firm has a market cap of $54.37 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company’s 50-day moving average price is $221.42 and its 200 day moving average price is $217.56. 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 issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. Travelers Companies’s payout ratio is presently 31.20%.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.33% of the company’s stock.

Travelers Companies Profile

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.