SouthState Corp Has $419,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

SouthState Corp lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 22.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,202 shares of the insurance provider’s stock after acquiring an additional 403 shares during the period. SouthState Corp’s holdings in Travelers Companies were worth $419,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TRV. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Travelers Companies by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock worth $18,217,000 after buying an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in Travelers Companies by 124.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after purchasing an additional 7,649 shares during the period. Worth Asset Management LLC acquired a new position in Travelers Companies in the 4th quarter valued at $2,201,000. Nordea Investment Management AB increased its position in Travelers Companies by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after buying an additional 16,580 shares during the period. Finally, DNB Asset Management AS increased its position in Travelers Companies by 53.5% during the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after buying an additional 24,230 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $0.52 during mid-day trading on Friday, hitting $213.85. 1,298,445 shares of the stock traded hands, compared to its average volume of 1,525,222. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $48.97 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The firm has a 50 day simple moving average of $220.96 and a two-hundred day simple moving average of $199.82.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the firm posted $4.11 EPS. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.71 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is 31.20%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. TD Cowen lowered their target price on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada dropped their price objective on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Raymond James upped their target price on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $223.47.

Insiders Place Their Bets

In related news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock worth $12,057,727. Company insiders own 1.33% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.