Xponance Inc. Has $6.46 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Xponance Inc. trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,786 shares of the insurance provider’s stock after selling 1,248 shares during the period. Xponance Inc.’s holdings in Travelers Companies were worth $6,463,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TRV. Evergreen Capital Management LLC lifted its stake in Travelers Companies by 7.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,080 shares of the insurance provider’s stock valued at $423,000 after purchasing an additional 147 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Travelers Companies by 8.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 38,830 shares of the insurance provider’s stock valued at $7,896,000 after acquiring an additional 2,868 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Travelers Companies by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the insurance provider’s stock valued at $143,000 after acquiring an additional 87 shares in the last quarter. Fairscale Capital LLC bought a new stake in Travelers Companies during the 2nd quarter worth $148,000. Finally, Epoch Investment Partners Inc. increased its holdings in Travelers Companies by 4.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 204,633 shares of the insurance provider’s stock worth $41,610,000 after purchasing an additional 8,340 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $252.00 to $230.00 in a report on Monday, July 15th. Piper Sandler cut their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Citigroup increased their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Finally, Bank of America raised their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Down 0.6 %

Travelers Companies stock opened at $237.98 on Wednesday. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $243.48. The firm has a market capitalization of $54.24 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The firm’s fifty day moving average price is $222.34 and its two-hundred day moving average price is $217.81. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

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

Travelers Companies Announces Dividend

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 paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.76%. Travelers Companies’s payout ratio is 31.20%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Company 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.