Slow Capital Inc. Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Slow Capital Inc. boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,115 shares of the insurance provider’s stock after purchasing an additional 53 shares during the quarter. Slow Capital Inc.’s holdings in Travelers Companies were worth $3,451,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TRV. Clearbridge Investments LLC boosted its stake in shares of Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after buying an additional 623,974 shares during the period. Northern Trust Corp grew its stake in shares of Travelers Companies by 0.9% in the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after purchasing an additional 29,989 shares during the last quarter. Morgan Stanley increased its holdings in shares of Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after purchasing an additional 539,294 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Travelers Companies by 4.3% during the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock worth $373,286,000 after purchasing an additional 95,153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Travelers Companies by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock worth $257,853,000 after purchasing an additional 31,165 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.9 %

TRV traded up $2.06 on Wednesday, reaching $223.12. The company’s stock had a trading volume of 1,412,209 shares, compared to its average volume of 1,015,763. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The business’s 50 day moving average is $222.02 and its 200 day moving average is $196.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $51.12 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, beating the consensus estimate of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the prior year, the business posted $3.40 EPS. The business’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.62 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 7th. Travelers Companies’s dividend payout ratio is currently 31.27%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. UBS Group increased their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their target price on Travelers Companies from $185.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Finally, Piper Sandler reissued a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $217.00.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Paul E. Munson sold 2,121 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now directly owns 719 shares in the company, valued at approximately $153,046.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,775 shares of company stock valued at $23,343,903. Insiders own 1.33% of the company’s stock.

About Travelers Companies

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.