Dynamic Technology Lab Private Ltd Increases Stock Position in The Travelers Companies, Inc. $TRV

Dynamic Technology Lab Private Ltd increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 106.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,090 shares of the insurance provider’s stock after acquiring an additional 1,590 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Travelers Companies were worth $827,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Empirical Finance LLC grew its holdings in shares of Travelers Companies by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 8,175 shares of the insurance provider’s stock worth $2,187,000 after acquiring an additional 55 shares during the period. TD Waterhouse Canada Inc. raised its stake in Travelers Companies by 18.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 925 shares of the insurance provider’s stock valued at $255,000 after purchasing an additional 146 shares during the last quarter. Portside Wealth Group LLC lifted its stake in shares of Travelers Companies by 30.8% during the second quarter. Portside Wealth Group LLC now owns 1,031 shares of the insurance provider’s stock valued at $276,000 after buying an additional 243 shares during the period. First American Trust FSB lifted its stake in shares of Travelers Companies by 9.4% during the 2nd quarter. First American Trust FSB now owns 1,594 shares of the insurance provider’s stock worth $427,000 after purchasing an additional 137 shares during the period. Finally, Empowered Funds LLC lifted its position in Travelers Companies by 83.6% during the second quarter. Empowered Funds LLC now owns 53,065 shares of the insurance provider’s stock worth $14,197,000 after buying an additional 24,155 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the topic of a number of recent analyst reports. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Piper Sandler upped their price target on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Barclays set a $313.00 target price on Travelers Companies in a research note on Wednesday, October 8th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lifted their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $292.73.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 1,803 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the completion of the sale, the insider owned 255,086 shares in the company, valued at $73,860,151.30. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the sale, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 37,375 shares of company stock valued at $10,374,006. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

NYSE TRV opened at $290.21 on Friday. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $292.50. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market cap of $64.74 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The company has a 50-day moving average price of $276.41 and a two-hundred day moving average price of $270.39.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the previous year, the firm posted $5.24 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s payout ratio is presently 17.30%.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.