Dimensional Fund Advisors LP Buys 165,708 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Dimensional Fund Advisors LP raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,044,839 shares of the insurance provider’s stock after buying an additional 165,708 shares during the quarter. Dimensional Fund Advisors LP owned 1.34% of Travelers Companies worth $619,241,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in Travelers Companies during the second quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies during the first quarter worth about $35,000. Beacon Capital Management LLC lifted its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $42,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at approximately $45,000. 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 dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 1.6 %

TRV stock opened at $237.83 on Monday. The stock has a market cap of $54.21 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.22 and a beta of 0.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $218.12 and its two-hundred day simple moving average is $216.82. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $242.89.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRV. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Piper Sandler dropped their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Morgan Stanley reduced their price target on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, Bank of America lifted their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $227.05.

Travelers Companies 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.