Several hedge funds increased their stakes in Travelers Companies. Nordea Investment Management raised its stake by 38.7%, now owning 342,288 shares worth $78.7 million after acquiring 95,451 additional shares. Cetera Investment Advisers raised its stake by 356.3%, holding 45,541 shares valued at $10.5 million. Wellington Management increased its position by 100.9%, owning 50,910 shares now worth $9.7 million. Nomura Holdings started a new position worth $874,000, and GAMMA Investing boosted its holdings by 162.6%. Overall, hedge funds own 82.45% of the company.
Analysts Update Price Targets
Analysts have adjusted their price targets for Travelers. Bank of America raised its target from $202 to $223 with an “underperform” rating, while Deutsche Bank increased its target from $221 to $234 with a “hold” rating. Piper Sandler cut its target from $213 to $207, also retaining a “neutral” rating. JPMorgan raised its target from $220 to $242 but gave an “underweight” rating. TD Cowen reduced its rating from buy to hold and cut its target from $252 to $230. Currently, the consensus rating is “Hold” with an average target of $227.05.
Check Out Our Latest Report on TRV
Insider Activity
On July 25, EVP Michael Frederick Klein sold 10,000 shares at an average price of $211.44, totaling about $2.11 million. He now owns 22,798 shares, valued at approximately $4.82 million. Insiders hold 1.33% of the stock.
Travelers Companies Stock Performance
NYSE:TRV shares opened at $233.30. Key financial ratios include a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a 52-week low of $157.33 and a high of $243.48, with a market cap of $53.18 billion. The latest earnings report showed $2.51 EPS, below estimates of $3.23, and revenue of $11.28 billion, slightly under analysts expectations.
Travelers Companies Announces Dividend
The company declared a quarterly dividend of $1.05 per share, paid on September 30th, yielding 1.80%. The dividend payout ratio is 31.20%.
Travelers Companies Company Profile
Travelers Companies, Inc., through its subsidiaries, offers various insurance products for businesses, individuals, and government units both domestically and internationally.
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