Man Group plc Makes New $11.60 Million Investment in The Travelers Companies, Inc. $TRV

Man Group plc bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,600 shares of the insurance provider’s stock, valued at approximately $11,598,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRV. Brighton Jones LLC increased its holdings in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies in the 4th quarter worth approximately $276,000. WINTON GROUP Ltd acquired a new stake in Travelers Companies in the 2nd quarter worth approximately $382,000. CIBC Asset Management Inc boosted its position in Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and raised their target price for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Roth Capital lifted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Finally, Piper Sandler upped their price target on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Trading Up 0.1%

Shares of TRV opened at $369.85 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $77.14 billion, a PE ratio of 9.90, a PEG ratio of 3.51 and a beta of 0.45. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The stock has a 50 day simple moving average of $358.56 and a 200-day simple moving average of $320.77.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned $6.51 EPS. Travelers Companies’s quarterly revenue was up .3% on a year-over-year basis. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction dated 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 transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,667 shares of company stock worth $19,611,829 in the last quarter. 1.39% of the stock is owned by corporate insiders.

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.