USS Investment Management Ltd Purchases 2,035 Shares of The Travelers Companies, Inc. $TRV

USS Investment Management Ltd raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,325 shares of the insurance provider’s stock after buying an additional 2,035 shares during the quarter. USS Investment Management Ltd’s holdings in Travelers Companies were worth $11,470,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TRV. Norges Bank bought a new position in shares of Travelers Companies during the fourth quarter valued at approximately $723,339,000. State Street Corp grew its stake in shares of Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after buying an additional 486,861 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Travelers Companies by 102.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after buying an additional 458,746 shares during the last quarter. Woodline Partners LP bought a new position in shares of Travelers Companies during the third quarter valued at $99,680,000. Finally, AQR Capital Management LLC raised its position in shares of Travelers Companies by 22.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after purchasing an additional 331,170 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,573 shares of company stock valued at $11,504,146 in the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 1.5%

Shares of TRV stock opened at $334.97 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $337.46. The stock has a market capitalization of $71.23 billion, a P/E ratio of 9.97, a P/E/G ratio of 2.98 and a beta of 0.46. The firm’s 50 day moving average is $305.16 and its 200 day moving average is $297.39.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.91 EPS. Research analysts expect that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 14.88%.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. Piper Sandler raised their price target on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Finally, Bank of America lowered their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $309.07.

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.