Arrowstreet Capital Limited Partnership Acquires 52,651 Shares of The Travelers Companies, Inc. $TRV

Arrowstreet Capital Limited Partnership lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 821,884 shares of the insurance provider’s stock after acquiring an additional 52,651 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Travelers Companies were worth $239,727,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. HHM Wealth Advisors LLC grew its stake in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the 1st quarter valued at $26,000. Kemnay Advisory Services Inc. bought a new stake in Travelers Companies in the fourth quarter valued at $26,000. Osterweis Capital Management Inc. grew its position in 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 acquiring an additional 91 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Travelers Companies during the fourth quarter worth $28,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $387.42 on Friday. The stock has a market capitalization of $80.80 billion, a P/E ratio of 10.38, a P/E/G ratio of 3.76 and a beta of 0.46. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $389.11. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $322.06 and a two-hundred day moving average price of $304.48.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the firm earned $6.51 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Equities analysts predict that The Travelers Companies, Inc. will post 32.15 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Insider Activity at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was 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 approximately $15,049,010.86. This trade represents a 12.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’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 completion of the sale, the insider directly owned 259,590 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders sold 18,292 shares of company stock worth $5,639,800. 1.39% of the stock is owned by insiders.

Travelers Companies News Summary

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Analyst coverage remained constructive, with Morgan Stanley and other firms highlighting potential upside, while a recent Zacks note said Travelers’ shares hit a 52-week high and questioned whether the run can continue. Morgan Stanley Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock The Travelers Companies, Inc. (TRV) Hit a 52 Week High, Can the Run Continue?
• Positive Sentiment: AM Best assigned an “a+” issue credit rating with a stable outlook to Travelers’ new $750 million senior unsecured notes, signaling confidence in the company’s credit quality and access to capital. AM Best Assigns Issue Credit Rating to The Travelers Companies, Inc. New Senior Unsecured Notes
• Positive Sentiment: Travelers priced $750 million of 4.95% senior notes due 2031, which adds funding for general corporate purposes and appears manageable given the company’s strong balance sheet. Travelers Companies Prices $750 Million Senior Notes Offering
• Neutral Sentiment: Mizuho raised its price target to $343 from $324 but kept a neutral rating, suggesting the stock may have already moved ahead of near-term fundamentals. Mizuho price target update
• Negative Sentiment: Reports that several top Travelers executives sold company stock could weigh on sentiment, even if the transactions were routine. Top Travelers Executives Quietly Unload Millions in Company Stock
• Negative Sentiment: Deutsche Bank and UBS both reiterated hold-type views, reinforcing that some analysts see limited upside after the recent rally. Deutsche Bank Sticks to Its Hold Rating for Travelers Companies (TRV) UBS Releases a Hold Rating on Travelers Companies (TRV)

Analysts Set New Price Targets

Several analysts have weighed in on TRV shares. Evercore set a $329.00 price objective on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Barclays boosted their target price on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a report on Tuesday. Finally, Raymond James Financial set a $430.00 price objective on Travelers Companies in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $354.26.

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.