Summit Global Investments Buys 2,180 Shares of The Travelers Companies, Inc. $TRV

Summit Global Investments boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 42.8% in the first quarter, Holdings Channel reports. The firm owned 7,276 shares of the insurance provider’s stock after purchasing an additional 2,180 shares during the quarter. Summit Global Investments’ holdings in Travelers Companies were worth $2,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC increased its holdings in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of Travelers Companies during the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1,820.0% during the 2nd 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. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Travelers Companies in the fourth quarter valued at approximately $28,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.2%

NYSE TRV opened at $368.20 on Tuesday. The company has a market cap of $78.30 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 3.28 and a beta of 0.46. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $371.94. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $315.77 and its 200 day moving average is $302.11.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.51 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 28.39 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. The trade was a 18.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,292 shares of company stock valued at $5,639,800 over the last quarter. 1.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. Truist Financial upped their target price on Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research note on Monday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Raymond James Financial set a $430.00 target price on Travelers Companies in a research note on Monday. Finally, Bank of America raised their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $341.00.

Travelers Companies News Roundup

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Truist Financial raised its price target on Travelers from $395 to $425 and kept a buy rating, citing continued upside from top- and bottom-line momentum. Article Title
• Positive Sentiment: Citigroup also lifted its target from $315 to $385, suggesting more modest but still positive upside from current levels. Article Title
• Positive Sentiment: Recent coverage highlighted Travelers’ Q2 earnings beat, with strong underwriting results and expanding capital returns helping drive renewed investor optimism. Article Title
• Positive Sentiment: The company’s earnings surprise was large enough to push the stock to a new 52-week high and fuel follow-on bullish commentary from investors and media. Article Title
• Neutral Sentiment: Several writeups focused on Travelers’ strong Q2 performance, including a report that profit jumped sharply and the stock rallied on the results. Article Title
• Neutral Sentiment: One Seeking Alpha piece argued the results were especially strong and linked them to the AI datacenter boom, but it does not directly change the fundamentals investors are watching. Article Title
• Negative Sentiment: Goldman Sachs downgraded Travelers to sell from neutral and set a $350 target, signaling skepticism after the post-earnings rally. Article Title
• Negative Sentiment: Another Goldman note separately reinforced a more cautious stance, saying the shares have limited upside from current levels after the strong move. Article Title

Travelers Companies Company Profile

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.