Several hedge funds have changed their positions in Travelers Companies. Nordea Investment Management boosted its stake by 38.7%, owning 342,288 shares now worth $78.7 million after buying 95,451 more shares. Cetera Investment Advisers increased its stake by 356.3% to 45,541 shares valued at $10.5 million after adding 35,560 shares. Wellington Management raised its position by 100.9%, now owning 50,910 shares worth $9.7 million after acquiring 25,575 shares. Nomura Holdings started a new position worth $874,000. GAMMA Investing increased its holdings by 162.6%, owning 4,926 shares valued at $1 million after purchasing an additional 3,050. Overall, institutional investors own 82.45% of Travelers Companies.
Analysts Set New Price Targets
Analysts have made recent updates on Travelers Companies. Bank of America raised its target from $202 to $223, rating it “underperform.” Deutsche Bank increased its target from $221 to $234 with a “hold” rating. Piper Sandler lowered its target from $213 to $207 with a “neutral” rating. JPMorgan Chase raised its target from $220 to $242, rating it “underweight.” TD Cowen changed its rating from “buy” to “hold” and lowered the target from $252 to $230. Current ratings show four sell, fourteen hold, four buy, and one strong buy, giving a consensus rating of “Hold” and an average price target of $227.05.
Check Out Our Latest Report on TRV
Insider Activity
Recently, EVP Michael Frederick Klein sold 10,000 shares at an average price of $211.44, totaling $2.11 million. After this sale, he owns 22,798 shares worth about $4.82 million. Insiders hold 1.33% of the company’s stock.
Stock Performance
Travelers Companies (NYSE:TRV) opened at $233.30. Key financial metrics include a quick ratio of 0.33, a debt-to-equity ratio of 0.32, a 52-week low of $157.33, and a high of $243.48. The market cap is $53.18 billion with a PE ratio of 17.33. Most recently, the company reported $2.51 earnings per share, missing estimates of $3.23, with a revenue of $11.28 billion versus an expectation of $11.35 billion. Analysts predict earnings of $17.18 per share for the current fiscal year.
Dividend Announcement
The company declared a quarterly dividend of $1.05, paid on September 30th to shareholders on record as of September 10th. This equates to a $4.20 annual dividend at a yield of 1.80%, with a payout ratio of 31.20%.
Company Profile
The Travelers Companies, Inc. provides various property and casualty insurance products and services in the U.S. and worldwide, categorized into Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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