XTX Topco Ltd Makes New $1.94 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

XTX Topco Ltd bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel.com reports. The fund bought 9,520 shares of the insurance provider’s stock, valued at approximately $1,936,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Y.D. More Investments Ltd bought a new stake in Travelers Companies during the 2nd quarter valued at approximately $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC lifted its stake in shares of Travelers Companies by 74.2% in the 1st 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. Opal Wealth Advisors LLC bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $42,000. Finally, Tributary Capital Management LLC purchased a new stake in Travelers Companies in the first quarter worth $45,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction 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 owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TRV has been the topic of a number of research reports. Morgan Stanley dropped 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. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Barclays began coverage on shares of Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Performance

TRV stock opened at $237.59 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $243.48. The company has a market cap of $54.15 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The stock’s fifty day moving average price is $220.88 and its 200-day moving average price is $217.43.

Travelers Companies (NYSE:TRV) last announced its 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 return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same period in the previous year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.77%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Travelers Companies Company 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.