4,168 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,168 shares of the insurance provider’s stock, valued at approximately $959,000.

A number of other institutional investors have also recently made changes to their positions in TRV. Global Retirement Partners LLC raised its position in shares of Travelers Companies by 45.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,235 shares of the insurance provider’s stock valued at $243,000 after purchasing an additional 385 shares during the period. PFG Advisors purchased a new stake in shares of Travelers Companies during the fourth quarter worth $233,000. Fifth Third Bancorp boosted its holdings in shares of Travelers Companies by 38.2% in the fourth quarter. Fifth Third Bancorp now owns 18,482 shares of the insurance provider’s stock worth $3,521,000 after acquiring an additional 5,104 shares during the period. Prio Wealth Limited Partnership grew its position in shares of Travelers Companies by 4.4% in the fourth quarter. Prio Wealth Limited Partnership now owns 2,971 shares of the insurance provider’s stock valued at $566,000 after purchasing an additional 124 shares in the last quarter. Finally, Builder Investment Group Inc. ADV purchased a new stake in Travelers Companies during the 4th quarter worth about $229,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s 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 transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.9 %

Shares of NYSE TRV traded down $1.90 during trading hours on Wednesday, hitting $218.52. The company’s stock had a trading volume of 40,238 shares, compared to its average volume of 1,364,369. The business has a 50-day simple moving average of $209.73 and a 200-day simple moving average of $214.86. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. 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 stock has a market cap of $49.81 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.11 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last released 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 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 analysts’ expectations of $11.35 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.23 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TRV. Piper Sandler decreased their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Bank of America raised their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a research report on Monday, July 22nd. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Finally, Citigroup lifted their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $221.11.

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.