Sterling Capital Management LLC Purchases 3,235 Shares of The Travelers Companies, Inc. $TRV

Sterling Capital Management LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 14.4% during the first quarter, HoldingsChannel reports. The firm owned 25,678 shares of the insurance provider’s stock after purchasing an additional 3,235 shares during the period. Sterling Capital Management LLC’s holdings in Travelers Companies were worth $7,490,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TRV. HHM Wealth Advisors LLC boosted its holdings in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $26,000. Osterweis Capital Management Inc. lifted its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Travelers Companies during the 4th quarter worth about $28,000. Finally, Entrust Financial LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $31,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

NYSE TRV opened at $327.14 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $327.64. 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 capitalization of $69.57 billion, a P/E ratio of 9.73, a PEG ratio of 2.87 and a beta of 0.48. The stock has a 50-day simple moving average of $303.24 and a two-hundred day simple moving average of $296.17.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.Travelers Companies’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be paid a $1.25 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s payout ratio is 14.88%.

Analyst Ratings Changes

TRV has been the topic of a number of analyst reports. Bank of America cut their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their target price for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research report on Tuesday, May 26th. Piper Sandler upped their target price on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods raised their price target on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $309.07.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,573 shares of company stock valued at $11,504,146 in the last ninety days. 1.39% of the stock is currently owned by corporate insiders.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.