Czech National Bank Acquires 2,795 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Czech National Bank grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,431 shares of the insurance provider’s stock after purchasing an additional 2,795 shares during the quarter. Czech National Bank’s holdings in Travelers Companies were worth $10,870,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after buying an additional 148,012 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after purchasing an additional 165,708 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after purchasing an additional 37,029 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after purchasing an additional 196,011 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.2 %

Shares of TRV traded up $2.88 during trading hours on Friday, reaching $236.18. The stock had a trading volume of 650,285 shares, compared to its average volume of 1,264,064. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The firm has a 50-day simple moving average of $226.20 and a 200 day simple moving average of $218.64. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $53.83 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $11.35 billion. During the same period last year, the business posted $0.06 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post 17.16 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.78%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TRV shares. Morgan Stanley lowered their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Royal Bank of Canada restated a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Finally, Piper Sandler reduced their price objective 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. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $227.05.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies 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 sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.33% of the stock is owned by corporate insiders.

Travelers Companies 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.