Assetmark Inc. Acquires 67 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Assetmark Inc. boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,721 shares of the insurance provider’s stock after purchasing an additional 67 shares during the period. Assetmark Inc.’s holdings in Travelers Companies were worth $637,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after purchasing an additional 165,708 shares during the period. Legal & General Group Plc grew its stake in shares of Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after buying an additional 37,029 shares during the period. Boston Partners boosted its stake in Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after purchasing an additional 196,011 shares during the last quarter. AQR Capital Management LLC boosted its stake in Travelers Companies by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after purchasing an additional 85,619 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Travelers Companies by 1.3% in the 2nd quarter. Hsbc Holdings PLC now owns 1,112,547 shares of the insurance provider’s stock worth $226,307,000 after buying an additional 14,764 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 1.7 %

NYSE TRV opened at $260.82 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market cap of $59.21 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. The company has a 50 day moving average price of $243.91 and a 200 day moving average price of $223.99. The Travelers Companies, Inc. has a 52 week low of $169.18 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TRV shares. Barclays lifted their price target on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley lowered their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Citigroup boosted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Royal Bank of Canada boosted their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, Piper Sandler reduced their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $247.90.

Insider Buying and Selling

In related news, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $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 three months, insiders have sold 63,999 shares of company stock valued at $16,580,166. Corporate insiders own 1.33% of the company’s stock.

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.