Fairscale Capital LLC Invests $148,000 in The Travelers Companies, Inc. (NYSE:TRV)

Fairscale Capital LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 679 shares of the insurance provider’s stock, valued at approximately $148,000.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after buying an additional 678,241 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Travelers Companies during the first quarter worth $88,190,000. Point72 Asset Management L.P. raised its position in Travelers Companies by 6,167.2% in the fourth quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock worth $63,596,000 after acquiring an additional 328,527 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after acquiring an additional 230,612 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Piper Sandler lowered their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley reduced their price objective 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. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Performance

Travelers Companies stock opened at $238.53 on Friday. The stock has a fifty day moving average price of $221.42 and a 200 day moving average price of $217.56. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48. The firm has a market capitalization of $54.62 billion, a P/E ratio of 17.72, a PEG ratio of 1.26 and a beta of 0.62. 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 posted its quarterly earnings data 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 net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same period in the prior year, the company earned $0.06 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s payout ratio is currently 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now 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 SEC, which is accessible through this hyperlink. Company insiders own 1.33% of the company’s stock.

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.