Xponance Inc. Has $5.67 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Xponance Inc. grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,756 shares of the insurance provider’s stock after purchasing an additional 399 shares during the period. Xponance Inc.’s holdings in Travelers Companies were worth $5,668,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. acquired a new position in Travelers Companies in the third quarter worth approximately $26,000. Arlington Trust Co LLC acquired a new position in Travelers Companies in the third quarter worth approximately $27,000. FWL Investment Management LLC acquired a new position in Travelers Companies in the fourth quarter worth approximately $28,000. Quarry LP acquired a new position in Travelers Companies in the first quarter worth approximately $31,000. Finally, AM Squared Ltd increased its holdings in Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TRV shares. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group decreased their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday. Roth Mkm reaffirmed a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research report on Thursday. Piper Sandler reaffirmed a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods decreased their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $220.78.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the sale, the senior vice president now directly owns 719 shares in the company, valued at $153,046.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock worth $23,343,903 over the last three months. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Up 1.7 %

Shares of TRV stock opened at $213.99 on Friday. 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 fifty day moving average price of $221.79 and a 200 day moving average price of $196.63. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The stock has a market cap of $49.00 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the prior year, the company earned $4.11 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 17.66 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio is currently 29.72%.

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.