The Travelers Companies, Inc. $TRV Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 701,442 shares of the insurance provider’s stock after selling 36,863 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Travelers Companies were worth $187,664,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. purchased a new position in shares of Travelers Companies in the first quarter valued at $26,000. Missouri Trust & Investment Co increased its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Quaker Wealth Management LLC lifted its holdings in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after buying an additional 208 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Travelers Companies in the 1st quarter valued at about $32,000. Finally, Nova Wealth Management Inc. purchased a new position in Travelers Companies in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,803 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $289.55, for a total transaction of $522,058.65. Following the completion of the sale, the insider directly owned 255,086 shares of the company’s stock, valued at approximately $73,860,151.30. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the completion of the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. The trade was a 7.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 46,295 shares of company stock valued at $13,011,918. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Trading Down 0.7%

Shares of NYSE:TRV opened at $288.56 on Wednesday. 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 stock has a market capitalization of $64.37 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $296.85. The company has a 50 day moving average price of $278.72 and a 200 day moving average price of $271.57.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. The company had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.24 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRV shares. Piper Sandler lifted their target price on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday, October 9th. Finally, Morgan Stanley upped their price target on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $292.73.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.