Slow Capital Inc. Has $3.77 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

19 Oct 2024, 19:45 by Michael Walen · The Markets Daily

Slow Capital Inc. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,081 shares of the insurance provider’s stock after selling 765 shares during the quarter. Slow Capital Inc.’s holdings in Travelers Companies were worth $3,765,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares during the period. Acadian Asset Management LLC raised its stake in Travelers Companies by 356.4% during the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after buying an additional 678,241 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Travelers Companies during the 1st quarter worth $88,190,000. Renaissance Technologies LLC raised its stake in Travelers Companies by 324.9% during the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after buying an additional 230,612 shares during the period. Finally, Boston Partners raised its stake in Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after buying an additional 196,011 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.2 %

Travelers Companies stock opened at $265.45 on Friday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $269.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $60.50 billion, a P/E ratio of 16.78, a PEG ratio of 1.26 and a beta of 0.62. The stock has a 50-day simple moving average of $231.88 and a 200 day simple moving average of $219.65.

Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the company posted $1.95 earnings per share. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 17.09 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is currently 26.55%.

Wall Street Analyst Weigh In

Several analysts recently commented on TRV shares. UBS Group raised their price objective on Travelers Companies from $238.00 to $244.00 and gave the stock a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley lowered their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Finally, StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $235.42.

Check Out Our Latest Research Report on Travelers Companies

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.33% of the stock is currently owned by corporate insiders.

About Travelers Companies

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