Wellington Management Group LLP Raises Stock Position in The Travelers Companies, Inc. $TRV

Wellington Management Group LLP boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,038 shares of the insurance provider’s stock after acquiring an additional 1,683 shares during the period. Wellington Management Group LLP’s holdings in Travelers Companies were worth $6,285,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRV. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Travelers Companies in the 2nd quarter valued at about $4,447,000. Arbejdsmarkedets Tillaegspension purchased a new stake in Travelers Companies during the 4th quarter worth approximately $24,167,000. Rit Capital Partners PLC purchased a new stake in Travelers Companies during the 4th quarter worth approximately $39,450,000. Bank of Nova Scotia acquired a new position in shares of Travelers Companies during the second quarter valued at approximately $19,949,000. Finally, Haverford Trust Co acquired a new position in shares of Travelers Companies during the second quarter valued at approximately $1,723,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president directly owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This trade represents a 63.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Klein sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 58,667 shares of company stock worth $21,830,989. Corporate insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research analyst reports. Roth Capital lifted their price target on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Piper Sandler raised their price objective on Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Finally, Bank of America upped their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Performance

NYSE:TRV opened at $367.32 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $76.61 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 2.45 and a beta of 0.44. The company’s 50-day moving average is $365.57 and its two-hundred day moving average is $324.93. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70.

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

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s payout ratio is currently 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.