Thrivent Financial for Lutherans Purchases 4,466 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Thrivent Financial for Lutherans grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 39.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,648 shares of the insurance provider’s stock after acquiring an additional 4,466 shares during the period. Thrivent Financial for Lutherans’ holdings in Travelers Companies were worth $3,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TRV. Gryphon Financial Partners LLC boosted its stake in Travelers Companies by 35.4% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,381 shares of the insurance provider’s stock worth $444,000 after purchasing an additional 623 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Travelers Companies by 11.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,872 shares of the insurance provider’s stock valued at $547,000 after acquiring an additional 303 shares in the last quarter. KBC Group NV raised its stake in shares of Travelers Companies by 40.9% in the fourth quarter. KBC Group NV now owns 337,301 shares of the insurance provider’s stock worth $64,253,000 after acquiring an additional 97,863 shares during the last quarter. CWA Asset Management Group LLC lifted its position in shares of Travelers Companies by 8.3% during the fourth quarter. CWA Asset Management Group LLC now owns 1,778 shares of the insurance provider’s stock worth $339,000 after purchasing an additional 137 shares in the last quarter. Finally, NEOS Investment Management LLC grew its stake in shares of Travelers Companies by 8.6% during the fourth quarter. NEOS Investment Management LLC now owns 7,468 shares of the insurance provider’s stock valued at $1,423,000 after purchasing an additional 592 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, 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 can be accessed through this link. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TRV. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a report on Monday, July 22nd. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Citigroup upped their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Finally, Morgan Stanley lowered their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $227.05.

Travelers Companies Price Performance

Shares of TRV opened at $236.11 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $53.82 billion, a PE ratio of 17.54, a P/E/G ratio of 1.24 and a beta of 0.62. The stock has a 50 day simple moving average of $223.62 and a 200 day simple moving average of $218.13. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48.

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

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is 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.