Dimensional Fund Advisors LP Purchases 165,708 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Dimensional Fund Advisors LP increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,044,839 shares of the insurance provider’s stock after buying an additional 165,708 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Travelers Companies were worth $619,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of TRV. Rathbones Group PLC lifted its holdings in shares of Travelers Companies by 29.3% in the 2nd quarter. Rathbones Group PLC now owns 1,508 shares of the insurance provider’s stock worth $307,000 after acquiring an additional 342 shares during the last quarter. Providence Wealth Advisors LLC lifted its stake in Travelers Companies by 3.2% in the second quarter. Providence Wealth Advisors LLC now owns 4,700 shares of the insurance provider’s stock worth $953,000 after purchasing an additional 147 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Travelers Companies during the second quarter valued at about $4,467,000. Dai ichi Life Insurance Company Ltd grew its stake in shares of Travelers Companies by 189.8% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 27,765 shares of the insurance provider’s stock valued at $5,646,000 after buying an additional 18,185 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in shares of Travelers Companies in the second quarter worth about $219,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler dropped their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Barclays began coverage on shares of Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective on the stock. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $252.00 to $230.00 in a research note on Monday, July 15th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $227.05.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value 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 $4,820,409.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Up 1.6 %

TRV opened at $237.83 on Monday. The stock has a market cap of $54.21 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.22 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. The firm’s fifty day moving average is $218.12 and its 200 day moving average is $216.82. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $242.89.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast 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 issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) 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.