Sienna Gestion Acquires New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Sienna Gestion acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,624 shares of the insurance provider’s stock, valued at approximately $5,411,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Drive Wealth Management LLC lifted its stake in shares of Travelers Companies by 2.8% in the second quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock worth $360,000 after acquiring an additional 48 shares during the period. Wealth Quarterback LLC boosted its position in shares of Travelers Companies by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after purchasing an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda grew its stake in Travelers Companies by 24.1% during the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 49 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after purchasing an additional 50 shares in the last quarter. Finally, Norwood Financial Corp lifted its stake in Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent analyst reports. Barclays initiated coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Piper Sandler reduced their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Finally, Bank of America raised their price objective on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $227.05.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $239.72 on Thursday. The stock has a 50 day moving average of $220.31 and a 200 day moving average of $217.29. The company has a market capitalization of $54.89 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.22 and a beta of 0.62. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its earnings results 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 business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s 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.