135,584 Shares in The Travelers Companies, Inc. $TRV Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 135,584 shares of the insurance provider’s stock, valued at approximately $44,759,000. Freestone Grove Partners LP owned 0.07% of Travelers Companies as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Travelers Companies in the 2nd quarter valued at $6,915,909,000. State Street Corp lifted its position in Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after acquiring an additional 486,861 shares during the last quarter. Morgan Stanley lifted its position in Travelers Companies by 2.3% during the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock worth $1,100,416,000 after acquiring an additional 85,298 shares during the last quarter. Legal & General Group Plc bought a new stake in Travelers Companies during the second quarter valued at about $799,601,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Travelers Companies by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after purchasing an additional 123,564 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $371.02 on Thursday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $77.39 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45. The firm has a 50-day moving average price of $356.08 and a 200 day moving average price of $319.95.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the business earned $6.51 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s payout ratio is currently 13.39%.

Analyst Ratings Changes

TRV has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their price target on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Truist Financial upped their price target on Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Bank of America increased their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. Finally, Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research note on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $354.26.

Insiders Place Their Bets

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,667 shares of company stock worth $19,611,829 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.