Mediolanum International Funds Ltd Acquires New Position in The Travelers Companies, Inc. $TRV

Mediolanum International Funds Ltd bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,519 shares of the insurance provider’s stock, valued at approximately $697,000.

Several other hedge funds also recently made changes to their positions in TRV. Vanguard Group Inc. lifted its stake in Travelers Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after purchasing an additional 313,449 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after purchasing an additional 751,715 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Travelers Companies by 1.0% during the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock worth $1,481,805,000 after purchasing an additional 54,363 shares during the period. Norges Bank bought a new position in shares of Travelers Companies in the 2nd quarter worth about $815,013,000. Finally, Invesco Ltd. lifted its position in shares of Travelers Companies by 14.4% in the 2nd quarter. Invesco Ltd. now owns 1,547,778 shares of the insurance provider’s stock worth $414,093,000 after buying an additional 194,698 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. This trade represents a 7.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 54,435 shares of company stock worth $15,366,736. 1.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TRV shares. Mizuho lowered their price objective on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Morgan Stanley lifted their target price on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Wells Fargo & Company dropped their price target on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Piper Sandler raised their price target on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Finally, Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $303.00.

Travelers Companies Stock Up 0.9%

TRV opened at $288.24 on Wednesday. The stock’s 50 day moving average price is $284.56 and its 200 day moving average price is $277.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The stock has a market cap of $64.29 billion, a P/E ratio of 10.47, a P/E/G ratio of 2.65 and a beta of 0.51. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $296.85.

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

Travelers Companies declared that its Board of Directors has initiated a share repurchase plan on Wednesday, January 21st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is currently 15.98%.

Travelers Companies 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.