Axa S.A. Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Posted by Defense World Staff on Sep 11th, 2023

Axa S.A. boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 186.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 266,525 shares of the insurance provider’s stock after acquiring an additional 173,408 shares during the quarter. Axa S.A. owned 0.12% of Travelers Companies worth $45,685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordwand Advisors LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at about $26,000. FWL Investment Management LLC purchased a new stake in shares of Travelers Companies during the 4th quarter worth $28,000. FNY Investment Advisers LLC purchased a new stake in shares of Travelers Companies during the 1st quarter worth $31,000. WealthPLAN Partners LLC purchased a new stake in shares of Travelers Companies during the 1st quarter worth $36,000. Finally, Motco lifted its stake in Travelers Companies by 75.4% during the fourth quarter. Motco now owns 214 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on Travelers Companies from $183.00 to $180.00 and set a “hold” rating for the company in a research note on Tuesday, July 25th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $183.00 to $185.00 in a research report on Thursday, July 20th. Royal Bank of Canada boosted their price objective on Travelers Companies from C$183.00 to C$185.00 in a research note on Thursday, July 20th. Piper Sandler reduced their price objective on Travelers Companies from $208.00 to $176.00 in a research note on Thursday, July 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $185.00 to $194.00 in a research note on Thursday, July 6th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $196.08.

Check Out Our Latest Report on Travelers Companies

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $175.05, for a total value of $1,750,500.00. Following the completion of the sale, the executive vice president now owns 14,080 shares in the company, valued at $2,464,704. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.29% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV opened at $159.89 on Monday. The stock has a market capitalization of $36.61 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.34 and a beta of 0.60. The business’s 50 day moving average is $167.30 and its two-hundred day moving average is $172.76. The Travelers Companies, Inc. has a 12-month low of $149.65 and a 12-month high of $194.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37.

Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.06 EPS for the quarter, missing the consensus estimate of $2.05 by ($1.99). The business had revenue of $10.10 billion during the quarter, compared to analyst estimates of $9.97 billion. Travelers Companies had a net margin of 5.77% and a return on equity of 10.75%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.57 earnings per share. Research analysts expect that The Travelers Companies, Inc. will post 12.01 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, September 7th. Travelers Companies’s dividend payout ratio (DPR) is 42.60%.

Travelers Companies Company Profile

(Free Report)

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.