AlTi Global Inc. Has $285,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

AlTi Global Inc. reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400 shares of the insurance provider’s stock after selling 105 shares during the quarter. AlTi Global Inc.’s holdings in Travelers Companies were worth $285,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies in the second quarter worth about $25,000. Pathway Financial Advisers LLC bought a new position in Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC lifted its holdings in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Travelers Companies in the 1st quarter valued at $42,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Travelers Companies in the 1st quarter valued at $45,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TRV shares. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their target price for the company from $252.00 to $230.00 in a research report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $227.05.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.33% of the stock is owned by insiders.

Travelers Companies Price Performance

NYSE TRV opened at $236.10 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $54.07 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.24 and a beta of 0.62. The business has a 50 day simple moving average of $222.65 and a 200 day simple moving average of $217.94. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. Travelers Companies’s payout ratio is presently 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.