Several hedge funds have adjusted their stakes in Travelers Companies. For instance, Nordea Investment Management AB increased its stake by 38.7%, now owning 342,288 shares valued at $78.7 million. Cetera Investment Advisers raised its stake by 356.3% to 45,541 shares worth $10.5 million. Wellington Management Group also increased its holdings by 100.9%, now owning 50,910 shares valued at $9.7 million. Additionally, GAMMA Investing LLC raised its stake by 162.6% during Q2. Institutional investors own 82.45% of Travelers Companies.
Analysts’ Price Targets
Analysts have adjusted their price targets for Travelers Companies: Bank of America from $202 to $223 (underperform), Deutsche Bank from $221 to $234 (hold), and JPMorgan from $220 to $242 (underweight). Overall, the consensus rating is Hold with an average target price of $227.05.
Check Out Our Latest Report on TRV
Insider Transactions
Michael Frederick Klein, EVP, sold 10,000 shares on July 25 for $211.44 each, totaling $2.11 million. He now holds 22,798 shares valued at approximately $4.82 million. Insiders own 1.33% of the stock.
Stock Overview
The stock opened at $233.30, with a market cap of $53.18 billion. It has experienced a 52-week range from $157.33 to $243.48 and last reported earnings of $2.51 per share, below analyst expectations of $3.23.
Recent Dividend Announcement
The company declared a quarterly dividend of $1.05, paid on September 30. This represents a $4.20 annualized dividend, yielding 1.80%.
Company Profile
The Travelers Companies, Inc. offers various insurance products and services through its subsidiaries. It operates in three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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