Mather Group LLC. Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Mather Group LLC. grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,964 shares of the insurance provider’s stock after acquiring an additional 148 shares during the quarter. Mather Group LLC.’s holdings in Travelers Companies were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after purchasing an additional 148,012 shares during the period. JPMorgan Chase & Co. increased its holdings in Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Travelers Companies by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after acquiring an additional 154,886 shares during the period. Norges Bank purchased a new stake in Travelers Companies during the fourth quarter valued at about $282,593,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Travelers Companies by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after purchasing an additional 40,114 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. Roth Mkm reiterated a “buy” rating and issued a $240.00 price objective on shares of Travelers Companies in a research note on Thursday, April 18th. Citigroup increased their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Piper Sandler decreased 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. Evercore ISI cut their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Finally, Jefferies Financial Group decreased their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $221.11.

Travelers Companies Trading Down 0.1 %

Shares of NYSE:TRV traded down $0.28 during midday trading on Tuesday, hitting $208.33. 1,280,662 shares of the stock traded hands, compared to its average volume of 1,380,508. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The stock has a market capitalization of $47.48 billion, a PE ratio of 15.48, a P/E/G ratio of 1.11 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $209.65 and its two-hundred day moving average is $215.30.

Travelers Companies (NYSE:TRV) last announced its earnings results 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 business 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 revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s payout ratio is presently 31.20%.

Insider Activity at Travelers Companies

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

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.