The Travelers Companies, Inc. $TRV Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 46.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,646 shares of the insurance provider’s stock after selling 4,955 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Travelers Companies were worth $1,576,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Avalon Trust Co grew its position in shares of Travelers Companies by 23.4% during the second quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock worth $2,018,000 after acquiring an additional 1,429 shares during the last quarter. Liberty One Investment Management LLC raised its position in Travelers Companies by 32.3% in the 3rd quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock valued at $7,323,000 after purchasing an additional 6,408 shares during the last quarter. CWM LLC boosted its stake in Travelers Companies by 11.3% during the 3rd quarter. CWM LLC now owns 135,143 shares of the insurance provider’s stock worth $37,735,000 after purchasing an additional 13,758 shares during the period. Nordea Investment Management AB grew its position in Travelers Companies by 1,641.3% during the 3rd quarter. Nordea Investment Management AB now owns 379,480 shares of the insurance provider’s stock worth $105,537,000 after purchasing an additional 357,687 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in Travelers Companies by 21.9% in the third quarter. Citizens Financial Group Inc. RI now owns 45,078 shares of the insurance provider’s stock valued at $12,587,000 after purchasing an additional 8,090 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the completion of the transaction, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,699,602.75. This trade represents a 73.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 1,803 shares of Travelers Companies stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $289.55, for a total transaction of $522,058.65. Following the transaction, the insider owned 255,086 shares of the company’s stock, valued at approximately $73,860,151.30. The trade was a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,435 shares of company stock valued at $15,366,736 in the last quarter. Insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company reduced their price objective on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Evercore ISI lifted their target price on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Piper Sandler boosted their target price on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Finally, Keefe, Bruyette & Woods upped their price target on Travelers Companies from $317.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $302.80.

Travelers Companies Stock Performance

Shares of TRV opened at $284.73 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 52-week low of $230.43 and a 52-week high of $296.85. The company has a 50-day simple moving average of $284.77 and a 200-day simple moving average of $276.59. The company has a market capitalization of $63.51 billion, a PE ratio of 10.34, a P/E/G ratio of 2.64 and a beta of 0.52.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating the consensus estimate of $8.34 by $2.79. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.Travelers Companies’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $9.15 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s payout ratio is 15.98%.

Travelers Companies declared that its board has authorized a stock repurchase program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.