Equity Investment Corp Sells 6,738 Shares of The Travelers Companies, Inc. $TRV

Equity Investment Corp lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 381,969 shares of the insurance provider’s stock after selling 6,738 shares during the period. Travelers Companies accounts for 2.2% of Equity Investment Corp’s holdings, making the stock its 23rd biggest holding. Equity Investment Corp’s holdings in Travelers Companies were worth $102,192,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PFG Advisors increased its stake in shares of Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after acquiring an additional 2,217 shares in the last quarter. Greatmark Investment Partners Inc. increased its stake in shares of Travelers Companies by 3.0% in the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after acquiring an additional 1,772 shares in the last quarter. Atlas Capital Advisors Inc. increased its stake in Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after purchasing an additional 4,098 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Travelers Companies by 47.3% in the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after purchasing an additional 1,703 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in Travelers Companies by 200.2% in the first quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock valued at $870,000 after purchasing an additional 2,194 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TRV shares. Barclays set a $313.00 price objective on Travelers Companies in a report on Wednesday, October 8th. Citigroup assumed coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. UBS Group boosted their price objective on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, Piper Sandler boosted their price objective on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $291.31.

Travelers Companies Trading Up 3.5%

NYSE:TRV opened at $277.14 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $61.82 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The firm has a 50-day moving average price of $273.87 and a two-hundred day moving average price of $268.42.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating the consensus estimate of $6.01 by $2.13. The firm had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $5.24 EPS. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is 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.