Patton Fund Management Inc. Invests $6.02 Million in The Travelers Companies, Inc. (NYSE:TRV)

Patton Fund Management Inc. purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 25,712 shares of the insurance provider’s stock, valued at approximately $6,020,000. Travelers Companies makes up about 1.2% of Patton Fund Management Inc.’s portfolio, making the stock its 26th biggest holding.

Several other institutional investors have also modified their holdings of TRV. Chicago Partners Investment Group LLC acquired a new position in shares of Travelers Companies in the fourth quarter worth about $262,000. EP Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the fourth quarter worth about $488,000. Wellington Management Group LLP lifted its stake in shares of Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after acquiring an additional 25,575 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of Travelers Companies in the fourth quarter worth about $455,000. Finally, Quadrature Capital Ltd raised its stake in Travelers Companies by 139.3% during the fourth quarter. Quadrature Capital Ltd now owns 4,663 shares of the insurance provider’s stock valued at $888,000 after buying an additional 2,714 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TRV shares. William Blair restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Piper Sandler dropped their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $231.63.

Travelers Companies Stock Performance

TRV stock traded up $18.70 on Thursday, reaching $261.65. The company’s stock had a trading volume of 1,037,356 shares, compared to its average volume of 1,308,899. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $262.50. The company has a market capitalization of $59.64 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The firm has a fifty day moving average of $229.76 and a two-hundred day moving average of $219.07. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm 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%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. As a group, analysts predict that The Travelers Companies, Inc. will post 17.09 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s payout ratio is currently 26.55%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is currently owned by corporate insiders.

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.