Munich Reinsurance Co Stock Corp in Munich Purchases 2,788 Shares of The Travelers Companies, Inc. $TRV

Munich Reinsurance Co Stock Corp in Munich raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 511.6% in the second quarter, Holdings Channel reports. The fund owned 3,333 shares of the insurance provider’s stock after buying an additional 2,788 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Travelers Companies were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Blalock Williams LLC boosted its stake in Travelers Companies by 5.5% during the 2nd quarter. Blalock Williams LLC now owns 909 shares of the insurance provider’s stock valued at $300,000 after purchasing an additional 47 shares during the period. Raiffeisen Bank International AG increased its position in Travelers Companies by 2.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 32,122 shares of the insurance provider’s stock worth $10,661,000 after buying an additional 723 shares during the period. Tudor Financial Inc. lifted its holdings in shares of Travelers Companies by 60.0% during the second quarter. Tudor Financial Inc. now owns 4,200 shares of the insurance provider’s stock worth $1,387,000 after buying an additional 1,575 shares during the last quarter. Syon Capital LLC lifted its holdings in shares of Travelers Companies by 14.9% during the second quarter. Syon Capital LLC now owns 5,035 shares of the insurance provider’s stock worth $1,662,000 after buying an additional 653 shares during the last quarter. Finally, Premier Path Wealth Partners LLC boosted its position in shares of Travelers Companies by 3.1% in the second quarter. Premier Path Wealth Partners LLC now owns 3,132 shares of the insurance provider’s stock valued at $1,034,000 after acquiring an additional 93 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a report on Monday, July 20th. Barclays raised their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Truist Financial upped their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Cantor Fitzgerald increased their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Trading Down 1.4%

Shares of Travelers Companies stock opened at $369.01 on Friday. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The firm has a market capitalization of $76.97 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 2.51 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company’s fifty day moving average price is $363.46 and its two-hundred day moving average price is $323.28.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for 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%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.51 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s payout ratio is currently 13.39%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Daniel Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Klein sold 6,000 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,667 shares of company stock worth $21,830,989 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

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.