Bridges Investment Management Inc. Buys 94 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bridges Investment Management Inc. grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,409 shares of the insurance provider’s stock after buying an additional 94 shares during the quarter. Bridges Investment Management Inc.’s holdings in Travelers Companies were worth $897,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Gryphon Financial Partners LLC grew its stake in Travelers Companies by 35.4% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,381 shares of the insurance provider’s stock valued at $444,000 after acquiring an additional 623 shares during the period. D.A. Davidson & CO. grew its position in Travelers Companies by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 10,553 shares of the insurance provider’s stock valued at $2,010,000 after purchasing an additional 164 shares during the period. InterOcean Capital Group LLC increased its stake in 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 purchasing an additional 157 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Travelers Companies by 3.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,926 shares of the insurance provider’s stock worth $5,129,000 after buying an additional 836 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at $455,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler lowered their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Bank of America upped their price target on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. Finally, Morgan Stanley dropped their price objective 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. 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 given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $227.05.

Travelers Companies Trading Up 0.4 %

NYSE:TRV opened at $238.53 on Friday. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. 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’s 50 day moving average is $221.42 and its 200 day moving average is $217.57. The stock has a market capitalization of $54.37 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued 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 firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’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 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 is accessible through this link. Corporate 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.