Vista Investment Management Invests $2.60 Million in The Travelers Companies, Inc. $TRV

Vista Investment Management bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,768 shares of the insurance provider’s stock, valued at approximately $2,595,000. Travelers Companies comprises about 0.8% of Vista Investment Management’s holdings, making the stock its 29th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Travelers Companies during the second quarter worth approximately $6,915,909,000. Norges Bank acquired a new stake in shares of Travelers Companies in the fourth quarter worth $723,339,000. GQG Partners LLC acquired a new stake in shares of Travelers Companies in the second quarter worth $789,024,000. Bank of New York Mellon Corp bought a new position in Travelers Companies during the second quarter worth $469,505,000. Finally, Deutsche Bank AG acquired a new position in Travelers Companies during the 2nd quarter valued at $301,772,000. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Evercore set a $329.00 price target on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. UBS Group upped their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Truist Financial increased their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Mizuho increased their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a research report on Monday, July 13th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Trading Down 0.2%

TRV stock opened at $363.83 on Friday. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $352.28 and its 200-day moving average is $318.12. The firm has a market cap of $75.88 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $6.51 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 62,667 shares of company stock valued at $22,688,329. Insiders own 1.39% of the company’s stock.

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.