LSV Asset Management has $5.49M position in The Travelers Companies, Inc. (NYSE:TRV)

VaselineSeptember 12, 2024

0 4 minutes read

LSV Asset Management reduced its position in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 18.6% during the second quarter, HoldingsChannel.com reports. The fund owned 26,980 shares of the insurance provider’s stock after selling 6,160 shares during the period. LSV Asset Management’s holdings in Travelers Companies were worth $5,486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Private Wealth Management Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at $39,000. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the 1st quarter worth $42,000. Finally, Tributary Capital Management LLC bought a new position in Travelers Companies in the first quarter worth about $45,000. Institutional investors own 82.45% of the company’s shares.

Insiders place their bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’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 transaction of $2,114,400.00. Following the transaction, 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 can be accessed through the SEC’s website. Company insiders own 1.33% of the company’s shares.

Stock performance of travel companies

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TRV opened at $231.30 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33, and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $242.89. The company has a 50-day moving average of $216.80 and a 200-day moving average of $216.64. The stock has a market cap of $52.72 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.22 and a beta of 0.62.

Travelers Companies (NYSE:TRV – Get Free Report ) last announced its quarterly 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 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 business earned $0.06 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that The Travelers Companies, Inc. to post 17.19 earnings per share for the current year.

Announcement regarding dividends of travel companies

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents an annualized dividend of $4.20 and a yield of 1.82%. Travelers Companies’ dividend payout ratio is currently 31.20%.

Analysts set new price targets

TRV has been the subject of several recent analyst reports. Morgan Stanley reduced their price target 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. Citigroup upped their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Barclays began coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Travelers Companies currently has a consensus rating of “Hold” and an average price target of $227.05, based on data from MarketBeat.

Read the latest stock analysis on TRV

Travelers companies Company profile

(Free Report)

The Travelers Companies, Inc, through its subsidiaries, provides a wide range of commercial and personal property and casualty insurance products and services to businesses, government entities, associations and individuals in the United States and internationally. The company operates through three segments: business insurance, bond and specialty insurance, and personal insurance.