Sumitomo Mitsui Trust Group Inc. Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Sumitomo Mitsui Trust Group Inc. grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 890,910 shares of the insurance provider’s stock after buying an additional 8,839 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Travelers Companies were worth $208,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ledyard National Bank raised its stake in Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 39 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Travelers Companies by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after purchasing an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. boosted its position in Travelers Companies by 2.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares during the last quarter. Willner & Heller LLC increased its holdings in Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after buying an additional 45 shares during the period. Finally, Wolff Wiese Magana LLC raised its position in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,999 shares of company stock worth $16,580,166. 1.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TRV shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. BMO Capital Markets boosted their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Jefferies Financial Group raised their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays upped their price objective on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Piper Sandler decreased their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Trading Down 0.1 %

Shares of TRV stock opened at $257.98 on Wednesday. The Travelers Companies, Inc. has a fifty-two week low of $167.08 and a fifty-two week high of $269.55. The firm has a market capitalization of $58.57 billion, a P/E ratio of 13.23, a PEG ratio of 1.24 and a beta of 0.62. The stock’s fifty day moving average is $242.31 and its two-hundred day moving average is $223.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.95 earnings per share. Research analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.