Assenagon Asset Management S.A. Has $49.46 Million Stock Position in The Travelers Companies, Inc. $TRV

Assenagon Asset Management S.A. grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 200.2% in the 1st quarter, Holdings Channel reports. The fund owned 169,574 shares of the insurance provider’s stock after purchasing an additional 113,082 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Travelers Companies were worth $49,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position 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 purchasing an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $26,000. Osterweis Capital Management Inc. lifted its stake in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Travelers Companies during the fourth quarter worth about $28,000. Finally, Entrust Financial LLC acquired a new stake in Travelers Companies during the fourth quarter worth about $31,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler raised their price objective on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Evercore restated an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Bank of America reduced their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Barclays cut shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $331.00 to $295.00 in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $309.07.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the 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 sale, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This trade represents a 35.11% 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 valued at $11,504,146 in the last 90 days. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

NYSE TRV opened at $318.46 on Friday. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $325.89. The company has a 50 day moving average of $302.68 and a 200-day moving average of $295.95. 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 firm has a market cap of $67.72 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 2.89 and a beta of 0.48.

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

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. The ex-dividend date is 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 dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is currently 14.88%.

Travelers Companies Company Profile

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.