The Travelers Companies, Inc. $TRV Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 83.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,065 shares of the insurance provider’s stock after purchasing an additional 24,155 shares during the period. Empowered Funds LLC’s holdings in Travelers Companies were worth $14,197,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Travelers Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after buying an additional 313,449 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Travelers Companies by 7.0% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 874 shares of the insurance provider’s stock valued at $234,000 after buying an additional 57 shares in the last quarter. Nordwand Advisors LLC grew its holdings in Travelers Companies by 4,493.3% during the second quarter. Nordwand Advisors LLC now owns 6,890 shares of the insurance provider’s stock worth $1,843,000 after acquiring an additional 6,740 shares during the period. Symphony Financial Ltd. Co. purchased a new position in Travelers Companies in the second quarter worth $23,093,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Travelers Companies by 8.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 314,235 shares of the insurance provider’s stock valued at $84,070,000 after acquiring an additional 24,180 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.9%

TRV stock opened at $287.14 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company’s 50 day simple moving average is $275.75 and its 200-day simple moving average is $269.99. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $290.61. The firm has a market capitalization of $64.05 billion, a PE ratio of 11.29, a P/E/G ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.24 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Citigroup initiated coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target on the stock. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Finally, Piper Sandler raised their price objective on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $291.94.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,803 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $289.55, for a total transaction of $522,058.65. Following the sale, the insider directly owned 255,086 shares in the company, valued at $73,860,151.30. This represents a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 54,195 shares of company stock worth $15,042,229. 1.46% of the stock is owned by company insiders.

Travelers Companies Profile

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.