The Travelers Companies, Inc. (NYSE:TRV) Position Decreased by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,025 shares of the insurance provider’s stock after selling 1,165 shares during the period. Travelers Companies comprises about 3.4% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 2nd biggest position. Murphy Pohlad Asset Management LLC’s holdings in Travelers Companies were worth $8,200,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Lebenthal Global Advisors LLC purchased a new stake in Travelers Companies during the third quarter worth about $204,000. Focus Financial Network Inc. increased its stake in shares of Travelers Companies by 1.8% during the 3rd quarter. Focus Financial Network Inc. now owns 8,247 shares of the insurance provider’s stock worth $1,931,000 after purchasing an additional 147 shares during the last quarter. United Asset Strategies Inc. purchased a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $204,000. Financial Advocates Investment Management bought a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $228,000. Finally, S.A. Mason LLC purchased a new position in Travelers Companies in the third quarter valued at approximately $109,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

TRV stock opened at $245.64 on Friday. The firm has a 50 day simple moving average of $239.19 and a two-hundred day simple moving average of $221.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $55.77 billion, a PE ratio of 12.60, a P/E/G ratio of 1.18 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $165.84 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the previous year, the business earned $1.95 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TRV shares. BMO Capital Markets boosted their target price on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft upped 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. Bank of America lifted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Piper Sandler dropped their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Jefferies Financial Group raised their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $247.90.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $5,840,163.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,999 shares of company stock valued at $16,580,166. Corporate insiders own 1.33% of the company’s stock.

About Travelers Companies

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.