Auxier Asset Management Decreases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Auxier Asset Management reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 47,011 shares of the insurance provider’s stock after selling 70 shares during the period. Travelers Companies accounts for approximately 1.5% of Auxier Asset Management’s portfolio, making the stock its 18th largest holding. Auxier Asset Management’s holdings in Travelers Companies were worth $9,559,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the period. Acadian Asset Management LLC boosted its stake in Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after purchasing an additional 678,241 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Travelers Companies during the 1st quarter valued at about $88,190,000. Point72 Asset Management L.P. increased its position in shares of Travelers Companies by 6,167.2% during the fourth quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock valued at $63,596,000 after buying an additional 328,527 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after buying an additional 230,612 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TRV. Bank of America upped their target price 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. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday. Piper Sandler dropped 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. Morgan Stanley decreased their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $227.05.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $238.53 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market cap of $54.37 billion, a PE ratio of 17.72, a PEG ratio of 1.26 and a beta of 0.62. The company’s fifty day moving average is $221.42 and its 200 day moving average is $217.57. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48.

Travelers Companies (NYSE:TRV) last released 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). The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. Research analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

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.