Segall Bryant & Hamill LLC Makes New $1.29 Million Investment in The Travelers Companies, Inc. $TRV

Segall Bryant & Hamill LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,326 shares of the insurance provider’s stock, valued at approximately $1,295,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Brighton Jones LLC raised its position in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new position in Travelers Companies during the fourth quarter valued at $276,000. WINTON GROUP Ltd acquired a new stake in shares of Travelers Companies in the second quarter valued at about $382,000. CIBC Asset Management Inc increased its stake in shares of Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Travelers Companies by 2.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 1.5%

TRV stock opened at $382.68 on Thursday. The company has a market cap of $79.82 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 3.62 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The firm has a 50-day moving average of $334.43 and a two-hundred day moving average of $310.46.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.51 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 33.47 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last three months. Company insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TRV. Bank of America boosted their price objective on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated 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 note on Thursday, July 9th. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. Finally, Truist Financial increased their price objective on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Profile

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.