Bridges Investment Management Inc. Has $897,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bridges Investment Management Inc. grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,409 shares of the insurance provider’s stock after purchasing an additional 94 shares during the quarter. Bridges Investment Management Inc.’s holdings in Travelers Companies were worth $897,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in Travelers Companies during the 2nd quarter worth $25,000. Pathway Financial Advisers LLC bought a new position in Travelers Companies during the first quarter worth about $35,000. Beacon Capital Management LLC raised its stake in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the 1st quarter worth about $42,000. Finally, Tributary Capital Management LLC bought a new stake in Travelers Companies in the 1st quarter valued at about $45,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the subject of a number of analyst reports. Piper Sandler dropped their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Bank of America raised their price objective on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Morgan Stanley decreased their price target on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $227.05.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.4 %

Shares of TRV stock opened at $238.53 on Friday. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $243.48. The stock’s fifty day simple moving average is $221.42 and its 200 day simple moving average is $217.57. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $54.37 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

About Travelers Companies

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.