Thrivent Financial for Lutherans Boosts Stake in The Travelers Companies, Inc. $TRV

Thrivent Financial for Lutherans increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 71.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,504 shares of the insurance provider’s stock after acquiring an additional 7,713 shares during the period. Thrivent Financial for Lutherans’ holdings in Travelers Companies were worth $5,166,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $276,000. DAVENPORT & Co LLC boosted its stake in Travelers Companies by 10.7% in the second quarter. DAVENPORT & Co LLC now owns 4,460 shares of the insurance provider’s stock worth $1,193,000 after buying an additional 430 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Travelers Companies by 2.9% in the second quarter. Maryland State Retirement & Pension System now owns 10,988 shares of the insurance provider’s stock worth $2,940,000 after buying an additional 306 shares in the last quarter. Finally, Callan Family Office LLC grew its position in Travelers Companies by 203.8% during the second quarter. Callan Family Office LLC now owns 5,280 shares of the insurance provider’s stock valued at $1,413,000 after acquiring an additional 3,542 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.5%

NYSE TRV opened at $301.80 on Friday. The Travelers Companies, Inc. has a 1 year low of $230.43 and a 1 year high of $304.40. The stock has a market capitalization of $67.32 billion, a PE ratio of 10.96, a PEG ratio of 2.78 and a beta of 0.51. 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 business’s 50-day moving average is $284.82 and its 200 day moving average is $277.82.

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, topping the consensus estimate of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. During the same quarter last year, the business posted $9.15 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Travelers Companies announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TRV. 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 report on Thursday, January 22nd. The Goldman Sachs Group downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price target for the company. in a research note on Wednesday, January 7th. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research note on Tuesday, January 27th. Wells Fargo & Company lowered their target price 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. Finally, Piper Sandler raised their price target on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $303.00.

Insider Activity at Travelers Companies

In other news, EVP Maria Olivo sold 8,920 shares of Travelers Companies 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 sale, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. The trade was a 7.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,803 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were 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 in the company, valued at $73,860,151.30. This represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 85,168 shares of company stock valued at $24,835,002. 1.46% of the stock is currently owned by company insiders.

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.