Sawyer & Company Inc Makes New Investment in The Travelers Companies, Inc. $TRV

Sawyer & Company Inc bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,268 shares of the insurance provider’s stock, valued at approximately $5,800,000. Travelers Companies comprises approximately 2.0% of Sawyer & Company Inc’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Travelers Companies in the second quarter valued at $6,915,909,000. Dimensional Fund Advisors LP grew its position in Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after purchasing an additional 123,564 shares during the period. Bank of America Corp DE acquired a new stake in Travelers Companies during the 2nd quarter worth about $932,142,000. GQG Partners LLC purchased a new position in shares of Travelers Companies during the 2nd quarter valued at about $789,024,000. Finally, First Trust Advisors LP raised its stake in shares of Travelers Companies by 7.2% during the 1st quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock valued at $497,431,000 after buying an additional 115,276 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. JPMorgan Chase & Co. raised their target price on Travelers Companies from $352.00 to $379.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho lifted their price target on Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research report on Monday, July 20th. Finally, Evercore set a $329.00 price objective on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $364.32.

Travelers Companies News Summary

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Travelers reported third-quarter earnings of $9.18 per share, well above the $7.39 analyst consensus, while revenue of $12.41 billion also exceeded expectations. Strong underwriting results and continued investment in artificial intelligence helped drive optimism. Analyst forecasts following Travelers’ third-quarter results
• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise and increased its price target from $341 to $377, while maintaining an Equal Weight rating. Wells Fargo outlook on Travelers
• Positive Sentiment: Truist Financial also raised its price target, adding to the broader post-earnings trend of improved analyst estimates. Truist price-target increase for Travelers

Travelers Companies Stock Performance

TRV traded up $0.08 on Wednesday, reaching $395.81. The stock had a trading volume of 512,223 shares, compared to its average volume of 1,642,630. The business’s 50-day moving average price is $369.55 and its two-hundred day moving average price is $339.21. The company has a market cap of $82.56 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 2.94 and a beta of 0.43. The Travelers Companies, Inc. has a 12-month low of $264.25 and a 12-month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. During the same period in the prior year, the company posted $8.14 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 34.61 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s dividend payout ratio is presently 13.11%.

Insider Buying and Selling

In other Travelers Companies news, EVP Daniel Yin sold 7,153 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00. Following the completion of the sale, the executive vice president directly owned 118,742 shares in the company, valued at approximately $43,917,916.12. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 17,317 shares of company stock valued at $6,597,631. 1.39% of the stock is owned by company insiders.

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.