Arrowstreet Capital Limited Partnership Acquires 229,729 Shares of The Travelers Companies, Inc. $TRV

Arrowstreet Capital Limited Partnership raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 42.6% in the 4th quarter, Holdings Channel reports. The firm owned 769,233 shares of the insurance provider’s stock after purchasing an additional 229,729 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Travelers Companies were worth $223,124,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. purchased a new stake in Travelers Companies in the fourth quarter worth about $927,000. Aptus Capital Advisors LLC grew its stake in shares of Travelers Companies by 11.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 7,323 shares of the insurance provider’s stock worth $2,124,000 after acquiring an additional 753 shares during the last quarter. Jacobi Capital Management LLC grew its stake in shares of Travelers Companies by 0.6% during the fourth quarter. Jacobi Capital Management LLC now owns 8,461 shares of the insurance provider’s stock worth $2,454,000 after acquiring an additional 54 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of Travelers Companies by 60.8% during the fourth quarter. CreativeOne Wealth LLC now owns 1,153 shares of the insurance provider’s stock worth $334,000 after acquiring an additional 436 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Travelers Companies by 42.6% in the fourth quarter. Kestra Advisory Services LLC now owns 50,988 shares of the insurance provider’s stock valued at $14,790,000 after buying an additional 15,234 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE TRV opened at $304.62 on Monday. The stock has a market cap of $64.78 billion, a PE ratio of 9.06, a P/E/G ratio of 2.75 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 twelve month low of $249.19 and a twelve month high of $313.12. The stock has a fifty day simple moving average of $300.22 and a 200-day simple moving average of $294.54.

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

Travelers Companies Increases Dividend

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

Insider Activity at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the transaction, the executive vice president directly owned 6,075 shares in the company, valued at $1,853,239.50. This trade represents a 51.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,573 shares of company stock worth $11,504,146 over the last ninety days. Company insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Wells Fargo & Company upped their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research note on Tuesday, May 26th. Piper Sandler upped their target price on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Barclays downgraded Travelers Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $331.00 to $295.00 in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $309.07.

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.