The Travelers Companies, Inc. (NYSE:TRV) Stake Increased by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,872 shares of the insurance provider’s stock after buying an additional 303 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Travelers Companies were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TRV. Norges Bank purchased a new position in Travelers Companies during the 4th quarter valued at about $282,593,000. Clearbridge Investments LLC grew its position in Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after purchasing an additional 623,974 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Travelers Companies by 1,826.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after purchasing an additional 486,098 shares in the last quarter. International Assets Investment Management LLC increased its stake in Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after buying an additional 473,453 shares during the period. Finally, Boston Partners lifted its position in Travelers Companies by 42.5% in the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after buying an additional 355,489 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRV. Keefe, Bruyette & Woods lowered their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Roth Mkm restated a “buy” rating and issued a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Citigroup upped their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Piper Sandler reiterated a “neutral” rating and set a $213.00 price target on shares of Travelers Companies in a report on Monday, April 1st. Finally, Morgan Stanley boosted their price target on Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $222.65.

Get Our Latest Report on Travelers Companies

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Up 1.5 %

Travelers Companies stock opened at $215.70 on Friday. The firm has a market cap of $49.39 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.11 and a beta of 0.60. The firm has a fifty day moving average price of $218.55 and a two-hundred day moving average price of $207.24. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRVGet Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.11 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.86 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.95%. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

About Travelers Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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