O Shaughnessy Asset Management LLC Increases Holdings in The Travelers Companies, Inc. $TRV

O Shaughnessy Asset Management LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 157,328 shares of the insurance provider’s stock after purchasing an additional 5,112 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Travelers Companies were worth $45,635,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Osterweis Capital Management Inc. lifted its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $28,000. Entrust Financial LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $31,000. Navalign LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $35,000. Finally, eCIO Inc. purchased a new stake in Travelers Companies during the 4th quarter worth about $37,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. Evercore reissued an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Bank of America reduced their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Finally, Piper Sandler boosted their target price on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $311.47.

Insider Transactions at Travelers Companies

In related news, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at $1,607,678.10. The trade was a 35.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,573 shares of company stock worth $11,504,146 over the last three months. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 0.0%

Travelers Companies stock opened at $303.13 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $64.46 billion, a P/E ratio of 9.02, a PEG ratio of 2.73 and a beta of 0.48. The stock has a 50-day simple moving average of $299.04 and a 200-day simple moving average of $294.07.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a $1.25 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.6%. Travelers Companies’s payout ratio is presently 14.88%.

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.