Resources Management Corp CT ADV Invests $1.88 Million in The Travelers Companies, Inc. $TRV

Resources Management Corp CT ADV purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, HoldingsChannel reports. The fund purchased 6,483 shares of the insurance provider’s stock, valued at approximately $1,880,000.

Several other institutional investors have also recently made changes to their positions in TRV. Norges Bank bought a new position in shares of Travelers Companies in the fourth quarter worth $723,339,000. State Street Corp increased its holdings in shares of Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the period. AustralianSuper Pty Ltd increased its holdings in shares of Travelers Companies by 102.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after purchasing an additional 458,746 shares during the period. Woodline Partners LP bought a new position in shares of Travelers Companies in the third quarter worth $99,680,000. Finally, AQR Capital Management LLC increased its holdings in shares of Travelers Companies by 22.8% in the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after purchasing an additional 331,170 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, 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. In the last ninety days, insiders have sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

Travelers Companies stock opened at $304.62 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $300.22 and a 200-day moving average of $294.54. The firm has a market cap of $64.78 billion, a P/E ratio of 9.06, a P/E/G ratio of 2.75 and a beta of 0.48. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12.

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

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s payout ratio is 14.88%.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research reports. Brean Capital initiated coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Piper Sandler upped their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Barclays lowered shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $331.00 to $295.00 in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $309.07.

Travelers Companies Company 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.