Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys Shares of 2,188 The Travelers Companies, Inc. $TRV

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,188 shares of the insurance provider’s stock, valued at approximately $638,000.

Several other hedge funds have also recently modified their holdings of the business. HHM Wealth Advisors LLC increased its holdings in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies in the 4th quarter worth about $26,000. Osterweis Capital Management Inc. lifted its stake in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Travelers Companies during the 4th quarter valued at about $28,000. Finally, Entrust Financial LLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.2%

Travelers Companies stock opened at $341.65 on Friday. The business has a 50-day simple moving average of $306.77 and a two-hundred day simple moving average of $298.09. The company has a market cap of $72.65 billion, a P/E ratio of 10.17, a P/E/G ratio of 3.09 and a beta of 0.46. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $342.31. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 EPS. Analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were given a $1.25 dividend. The ex-dividend date was Wednesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.5%. Travelers Companies’s payout ratio is 14.88%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Bank of America reduced their price target on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a report on Tuesday, May 26th. Piper Sandler lifted their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $309.07.

Insiders Place Their Bets

In other news, insider Avrohom J. Kess sold 6,735 shares of Travelers Companies stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the transaction, the insider owned 48,737 shares in the company, valued at $15,049,010.86. This trade represents a 12.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the sale, the insider directly owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. The trade was a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is currently 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.