1,402 Shares in The Travelers Companies, Inc. $TRV Purchased by Succession Financial Inc.

Succession Financial Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,402 shares of the insurance provider’s stock, valued at approximately $463,000. Travelers Companies comprises 0.4% of Succession Financial Inc.’s holdings, making the stock its 22nd biggest position.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Travelers Companies in the 4th quarter valued at approximately $723,339,000. Bank of New York Mellon Corp purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $469,505,000. Deutsche Bank AG acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at $301,772,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Travelers Companies during the 2nd quarter valued at $205,539,000. Finally, State Street Corp grew its holdings in shares of Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after acquiring an additional 486,861 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In related news, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, 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 in the last 90 days. Insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several recent research reports. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a report on Monday, July 13th. Piper Sandler boosted their target price on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Morgan Stanley upped their target price on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald raised their price target on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Raymond James Financial set a $430.00 price target on Travelers Companies in a report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Down 1.6%

Travelers Companies stock opened at $364.50 on Tuesday. The company has a market capitalization of $76.03 billion, a P/E ratio of 9.76, a P/E/G ratio of 3.52 and a beta of 0.45. The firm’s fifty day simple moving average is $347.35 and its 200-day simple moving average is $316.08. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $6.51 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share 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. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s payout ratio is currently 13.39%.

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.