MQS Management LLC Acquires New Holdings in The Travelers Companies, Inc. (NYSE:TRV)

MQS Management LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,872 shares of the insurance provider’s stock, valued at approximately $381,000.

Other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in Travelers Companies in the second quarter valued at $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC raised its holdings in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Travelers Companies during the 1st quarter valued at $42,000. Finally, Tributary Capital Management LLC bought a new stake in Travelers Companies in the 1st quarter worth $45,000. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of a number of analyst reports. Piper Sandler dropped their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Bank of America boosted their target price on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Morgan Stanley decreased their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $227.05.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $237.59 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $243.48. The firm’s 50-day simple moving average is $220.88 and its two-hundred day simple moving average is $217.43. The stock has a market cap of $54.15 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.77%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Travelers Companies Company 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.