ProShare Advisors LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 4.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 135,663 shares of the insurance provider’s stock after selling 6,308 shares during the period. ProShare Advisors LLC owned approximately 0.07% of Travelers Companies worth $48,365,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Vise Technologies Inc. purchased a new stake in Travelers Companies during the 3rd quarter worth approximately $15,091,000. Unison Advisors LLC increased its stake in Travelers Companies by 0.4% during the 3rd quarter. Unison Advisors LLC now owns 15,741 shares of the insurance provider’s stock valued at $5,612,000 after purchasing an additional 57 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in shares of Travelers Companies by 14.6% in the third quarter. Aprio Wealth Management LLC now owns 2,833 shares of the insurance provider’s stock worth $1,010,000 after buying an additional 360 shares during the last quarter. Avestar Capital LLC raised its holdings in shares of Travelers Companies by 7.8% in the third quarter. Avestar Capital LLC now owns 1,696 shares of the insurance provider’s stock worth $605,000 after buying an additional 123 shares during the last quarter. Finally, Modera Wealth Management LLC raised its holdings in shares of Travelers Companies by 4.4% in the third quarter. Modera Wealth Management LLC now owns 2,419 shares of the insurance provider’s stock worth $862,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.
Travelers Companies Trading Up 0.0%
Shares of Travelers Companies stock opened at $396.39 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a fifty day moving average price of $374.52 and a 200 day moving average price of $329.53. The Travelers Companies, Inc. has a 1 year low of $264.25 and a 1 year high of $407.86. The stock has a market cap of $81.24 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 2.74 and a beta of 0.43.
Travelers Companies (NYSE:TRV – Get Free Report) last posted its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. During the same period in the previous year, the firm posted $8.14 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 36.27 earnings per share for the current year.
Travelers Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies’s payout ratio is 13.11%.
Insiders Place Their Bets
In related news, EVP Maria Olivo sold 15,100 shares of the firm’s stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $398.44, for a total transaction of $6,016,444.00. Following the sale, the executive vice president directly owned 103,642 shares of the company’s stock, valued at $41,295,118.48. This trade represents a 12.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mojgan M. Lefebvre sold 11,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total value of $4,332,240.00. Following the transaction, the executive vice president owned 11,000 shares of the company’s stock, valued at approximately $4,332,240. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 180,287 shares of company stock worth $71,713,050. 1.39% of the stock is currently owned by company insiders.
Trending Headlines about Travelers Companies
Here are the key news stories impacting Travelers Companies this week:
- Positive Sentiment: Travelers launched an AI-powered workers’ compensation quoting tool that reportedly cuts quote-generation time in half. Faster processing could improve underwriting efficiency and help TRV win more small-business customers. TRV Launches AI Quoting Tool to Target Workers’ Compensation Growth
- Positive Sentiment: TRV continues to attract value-oriented interest following its latest quarterly report, when it delivered $9.18 in earnings per share versus the $7.39 consensus estimate and generated $12.41 billion in revenue. The company also declared a $1.25 quarterly dividend, equivalent to $5.00 annually, with a low payout ratio of about 13%. Why Travelers Is a Top Value Stock for the Long-Term
- Neutral Sentiment: Analyst opinion remains divided. Cantor Fitzgerald raised its price target to $397 and maintained an overweight view, but the broader consensus rating is “Hold,” with an average target of $366.37—below recent trading levels. This may limit near-term upside unless Travelers produces additional earnings or operating catalysts.
- Negative Sentiment: Two executive vice presidents recently sold a combined 14,000 shares worth approximately $5.53 million. Andy Bessette sold 3,000 shares, while Mojgan Lefebvre sold 11,000 shares and cut her position by half. Insider selling is not necessarily fundamental news, but the size and timing may weigh on sentiment. Travelers Executive Insider Stock Sale
- Negative Sentiment: Elon Musk’s support for a claim that autonomous driving could reduce crash costs by $1.5 trillion raises a longer-term risk for property and casualty insurers. If self-driving technology materially reduces accidents, auto insurance premiums and related profits could face pressure, although the financial impact on Travelers is uncertain and likely gradual. Elon Musk Backs a $1.5 Trillion Self-Driving Claim
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on TRV. Barclays boosted their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Truist Financial raised their target price on Travelers Companies from $425.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. UBS Group restated a “neutral” rating on shares of Travelers Companies in a research note on Monday, October 19th. Raymond James Financial set a $430.00 price target on Travelers Companies in a research report on Monday, July 20th. Finally, Mizuho boosted their price target on Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $366.37.
Get Our Latest Stock Report on TRV
Travelers Companies Company Profile
Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.
Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.
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