Pzena Investment Management LLC Has $458,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Pzena Investment Management LLC lifted its holdings in The Travelers Companies, Inc. (NYSE:TRVFree Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,406 shares of the insurance provider’s stock after purchasing an additional 59 shares during the period. Pzena Investment Management LLC’s holdings in Travelers Companies were worth $458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Johnson Investment Counsel Inc. raised its holdings in Travelers Companies by 29.0% in the 4th quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock worth $879,000 after acquiring an additional 1,037 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Travelers Companies by 124.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after acquiring an additional 7,649 shares during the period. Worth Asset Management LLC bought a new position in Travelers Companies in the 4th quarter worth $2,201,000. Nordea Investment Management AB raised its holdings in Travelers Companies by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after acquiring an additional 16,580 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Travelers Companies by 3.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 342,005 shares of the insurance provider’s stock worth $65,426,000 after acquiring an additional 12,597 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV traded down $1.59 on Thursday, reaching $214.95. The stock had a trading volume of 104,523 shares, compared to its average volume of 1,394,106. The company has a market capitalization of $49.22 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.12 and a beta of 0.60. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $220.06 and a 200-day moving average price of $205.13.

Travelers Companies (NYSE:TRVGet Free Report) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.11 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 17.85 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s dividend payout ratio is presently 29.72%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TRV shares. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. UBS Group dropped their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. The Goldman Sachs Group boosted their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Piper Sandler restated a “neutral” rating and set a $213.00 price objective on shares of Travelers Companies in a report on Monday, April 1st. Finally, Morgan Stanley boosted their price objective on shares of Travelers Companies from $214.00 to $216.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $222.65.

Check Out Our Latest Report on Travelers Companies

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,635 shares of company stock worth $3,980,827. Corporate insiders own 1.33% of the company’s stock.

About Travelers Companies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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