R.H. Investment Group LLC Invests $4.87 Million in The Travelers Companies, Inc. (NYSE:TRV)

R.H. Investment Group LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,211 shares of the insurance provider’s stock, valued at approximately $4,869,000. Travelers Companies accounts for about 4.6% of R.H. Investment Group LLC’s holdings, making the stock its 8th biggest position.

Several other large investors have also bought and sold shares of the company. FMR LLC raised its position in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after purchasing an additional 518,075 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Travelers Companies by 66.9% in the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after purchasing an additional 282,884 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Travelers Companies during the third quarter valued at approximately $54,988,000. Finally, Janus Henderson Group PLC lifted its stake in Travelers Companies by 216.3% during the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after purchasing an additional 232,428 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $5,840,163.66. This represents a 30.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on TRV. Keefe, Bruyette & Woods decreased their price target on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Tuesday, December 10th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Finally, Piper Sandler cut their price objective on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $254.65.

Travelers Companies Trading Up 1.6 %

NYSE TRV opened at $237.15 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $194.54 and a 1-year high of $269.55. The firm’s fifty day simple moving average is $250.38 and its 200-day simple moving average is $235.40. The company has a market capitalization of $53.84 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.84 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $1.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.77%. Travelers Companies’s dividend payout ratio is currently 21.54%.

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.