23,046 Shares of The Travelers Companies, Inc. $TRV Acquired by One Way Holdings LLC

One Way Holdings LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,046 shares of the insurance provider’s stock, valued at approximately $8,216,000.

Several other hedge funds also recently modified their holdings of TRV. BlackRock Inc. acquired a new position in Travelers Companies in the 2nd quarter valued at approximately $6,915,909,000. Dimensional Fund Advisors LP lifted its position in shares of Travelers Companies by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after purchasing an additional 123,564 shares during the period. Bank of America Corp DE acquired a new stake in shares of Travelers Companies during the second quarter worth $932,142,000. GQG Partners LLC bought a new position in Travelers Companies during the second quarter worth $789,024,000. Finally, First Trust Advisors LP boosted its position in Travelers Companies by 7.2% during the first quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock valued at $497,431,000 after acquiring an additional 115,276 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Jeffrey Klenk sold 9,016 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total transaction of $3,656,619.12. Following the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $2,463,837.75. The trade was a 59.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alan Schnitzer sold 88,900 shares of the stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $396.77, for a total value of $35,272,853.00. Following the completion of the transaction, the chief executive officer owned 303,124 shares of the company’s stock, valued at approximately $120,270,509.48. This trade represents a 22.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 180,287 shares of company stock valued at $71,713,050 over the last quarter. 1.39% of the stock is currently owned by insiders.

Travelers Companies Stock Up 0.0%

Shares of NYSE TRV opened at $396.39 on Monday. The firm’s 50 day simple moving average is $374.52 and its two-hundred day simple moving average is $329.53. The Travelers Companies, Inc. has a one year low of $264.25 and a one year high of $407.86. The stock has a market capitalization of $81.24 billion, a P/E ratio of 10.39, a PEG ratio of 2.74 and a beta of 0.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. During the same quarter last year, the firm earned $8.14 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, analysts expect that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Travelers Companies’s payout ratio is currently 13.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TRV. Evercore downgraded Travelers Companies from an “outperform” rating to an “in-line” rating and set a $329.00 price objective on the stock. in a research note on Friday, July 10th. Morgan Stanley boosted their price target on shares of Travelers Companies from $330.00 to $350.00 and gave the company an “underweight” rating in a research note on Friday, October 23rd. Barclays boosted their price objective on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target for the company. in a research report on Monday, July 13th. Finally, Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $366.37.

About Travelers Companies

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.