Royal London Asset Management Ltd. Reduces Stock Position in The Travelers Companies, Inc. $TRV

Royal London Asset Management Ltd. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,227 shares of the insurance provider’s stock after selling 2,178 shares during the period. Royal London Asset Management Ltd. owned 0.07% of Travelers Companies worth $48,603,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. HHM Wealth Advisors LLC lifted its position in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies in the first quarter valued at $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies during the 4th quarter worth about $26,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 52,667 shares of company stock valued at $19,611,829 in the last 90 days. 1.39% of the stock is owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV opened at $369.85 on Friday. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The stock has a fifty day moving average of $358.56 and a 200 day moving average of $320.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $77.14 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the company earned $6.51 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRV. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research note on Monday, July 13th. Piper Sandler upped their price target on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Finally, Roth Capital boosted their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $354.26.

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.