Hudson Bay Capital Management LP Increases Stock Holdings in The Travelers Companies, Inc. $TRV

Hudson Bay Capital Management LP increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 13.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,238 shares of the insurance provider’s stock after buying an additional 7,978 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Travelers Companies were worth $17,721,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TRV. Osterweis Capital Management Inc. grew its stake in shares of Travelers Companies by 1,820.0% in 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 in the last quarter. Missouri Trust & Investment Co boosted its holdings in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Quaker Wealth Management LLC boosted its holdings in Travelers Companies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Travelers Companies in the 2nd quarter worth about $30,000. Finally, Nova Wealth Management Inc. purchased a new stake in Travelers Companies in the 2nd quarter valued at about $32,000. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TRV has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Piper Sandler upped 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. Wolfe Research began coverage on Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $292.73.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the sale, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the completion of the transaction, the executive vice president directly owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. This trade represents a 7.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

Shares of TRV opened at $285.05 on Monday. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $296.85. 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 stock’s fifty day moving average price is $279.24 and its two-hundred day moving average price is $272.06. The firm has a market cap of $63.58 billion, a PE ratio of 11.21, a PEG ratio of 2.80 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the firm posted $5.24 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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

Travelers Companies Company 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.