62,341 Shares in The Travelers Companies, Inc. $TRV Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 62,341 shares of the insurance provider’s stock, valued at approximately $18,083,000.

Several other large investors have also recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Travelers Companies by 23.1% during the 4th quarter. Royal Bank of Canada now owns 982,554 shares of the insurance provider’s stock worth $285,000,000 after acquiring an additional 184,225 shares in the last quarter. Magnetar Financial LLC raised its stake in shares of Travelers Companies by 4.7% during the 4th quarter. Magnetar Financial LLC now owns 5,497 shares of the insurance provider’s stock worth $1,594,000 after acquiring an additional 246 shares in the last quarter. L2 Asset Management LLC raised its stake in shares of Travelers Companies by 6.3% during the 4th quarter. L2 Asset Management LLC now owns 1,110 shares of the insurance provider’s stock worth $322,000 after acquiring an additional 66 shares in the last quarter. Cynosure Group LLC bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $477,000. Finally, 71 West Capital Partners bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $243,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of a number of recent analyst reports. Brean Capital initiated coverage on shares of Travelers Companies in a research note on Thursday, March 12th. They set a “neutral” rating on the stock. BMO Capital Markets upped their price target on shares of Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Wells Fargo & Company upped their price target on shares of Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Finally, Piper Sandler increased their price objective on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $309.07.

Travelers Companies Stock Up 0.4%

NYSE:TRV opened at $307.78 on Wednesday. The firm has a market capitalization of $65.45 billion, a P/E ratio of 9.16, a PEG ratio of 2.76 and a beta of 0.48. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The company’s fifty day moving average price is $300.75 and its 200-day moving average price is $294.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The firm had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 earnings per share. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

Insider Activity at Travelers Companies

In related news, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction 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 sale, the insider owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,573 shares of company stock valued at $11,504,146 in the last quarter. 1.39% of the stock is currently owned by insiders.

About Travelers Companies

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.