Te Ahumairangi Investment Management Ltd Makes New $9.99 Million Investment in The Travelers Companies, Inc. $TRV

Te Ahumairangi Investment Management Ltd acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,267 shares of the insurance provider’s stock, valued at approximately $9,992,000. Travelers Companies accounts for about 1.6% of Te Ahumairangi Investment Management Ltd’s investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Berman McAleer LLC lifted its position in Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after acquiring an additional 30 shares during the last quarter. Willner & Heller LLC lifted its holdings in Travelers Companies by 2.7% during the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after purchasing an additional 32 shares during the last quarter. Spinnaker Trust boosted its stake in Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 33 shares during the period. Cim LLC boosted its stake in Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after purchasing an additional 34 shares during the period. Finally, Avalon Trust Co increased its position in Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.1%

Shares of TRV opened at $363.83 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The firm has a market cap of $75.89 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The business’s fifty day moving average is $352.28 and its 200-day moving average is $318.35.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.51 earnings per share. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date 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 13.39%.

Insider Activity at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 over the last 90 days. 1.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRV. Truist Financial upped their price target on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Cantor Fitzgerald increased their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Mizuho lifted their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research report on Tuesday, May 26th. Finally, Raymond James Financial set a $430.00 price objective on Travelers Companies in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies 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.