SYM FINANCIAL Corp Takes $219,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

SYM FINANCIAL Corp acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,078 shares of the insurance provider’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GHP Investment Advisors Inc. lifted its position in shares of Travelers Companies by 1.1% in the second quarter. GHP Investment Advisors Inc. now owns 50,611 shares of the insurance provider’s stock valued at $10,291,000 after acquiring an additional 563 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of Travelers Companies by 44.8% in the second quarter. Meeder Advisory Services Inc. now owns 4,564 shares of the insurance provider’s stock valued at $928,000 after acquiring an additional 1,411 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Travelers Companies by 2.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 323,886 shares of the insurance provider’s stock worth $66,252,000 after buying an additional 9,263 shares during the period. Equity Investment Corp lifted its position in Travelers Companies by 4.3% during the second quarter. Equity Investment Corp now owns 403,151 shares of the insurance provider’s stock worth $81,977,000 after buying an additional 16,497 shares during the period. Finally, BOKF NA lifted its position in Travelers Companies by 1.4% during the second quarter. BOKF NA now owns 7,348 shares of the insurance provider’s stock worth $1,494,000 after buying an additional 101 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TRV shares. Piper Sandler reduced their target price 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. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Citigroup raised their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Finally, TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $227.05.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

TRV stock opened at $234.11 on Friday. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $242.89. The stock has a 50-day simple moving average of $217.40 and a 200-day simple moving average of $216.76. 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 firm has a market cap of $53.36 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share 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 business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same quarter last year, the business earned $0.06 EPS. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

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.