The Travelers Companies, Inc. $TRV Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 34.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,107 shares of the insurance provider’s stock after selling 6,280 shares during the period. Banque Cantonale Vaudoise’s holdings in Travelers Companies were worth $3,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 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 worth $789,000 after buying an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Travelers Companies in the fourth quarter valued at approximately $276,000. WINTON GROUP Ltd purchased a new position in Travelers Companies in the second quarter worth approximately $382,000. CIBC Asset Management Inc increased its stake 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 acquiring an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Travelers Companies by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after purchasing an additional 2,117 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $318.46 on Friday. The business has a 50-day moving average of $302.68 and a 200 day moving average of $295.95. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $325.89. The stock has a market capitalization of $67.72 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 2.89 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping 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 net margin of 15.54% and a return on equity of 24.06%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 earnings per share. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

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

Analysts Set New Price Targets

TRV has been the topic of several recent analyst reports. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research note on Tuesday, May 26th. Evercore restated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Piper Sandler upped their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. BMO Capital Markets lifted their price target on shares of Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Two equities research 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. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $309.07.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This represents a 18.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the transaction, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $1,607,678.10. This represents a 35.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,573 shares of company stock worth $11,504,146 over the last 90 days. Company insiders own 1.39% of the company’s stock.

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.