Polar Capital Holdings Plc Sells 25,500 Shares of The Travelers Companies, Inc. $TRV

Polar Capital Holdings Plc trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 490,000 shares of the insurance provider’s stock after selling 25,500 shares during the period. Polar Capital Holdings Plc’s holdings in Travelers Companies were worth $142,129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Osterweis Capital Management Inc. increased its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Travelers Companies during the fourth quarter worth $28,000. Entrust Financial LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $31,000. Wilkerson Advisory Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at $35,000. Finally, Navalign LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at $35,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $307.78 on Wednesday. The company has a fifty day moving average price of $300.75 and a 200 day moving average price of $294.73. The firm has a market cap of $65.45 billion, a PE ratio of 9.16, a PEG ratio of 2.76 and a beta of 0.48. 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 Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12.

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

Travelers Companies Increases Dividend

The company 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 $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 1,557 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Piper Sandler raised their price target on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Wells Fargo & Company lifted their price objective on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Finally, Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.