Trueblood Wealth Management LLC Purchases Shares of 1,692 The Travelers Companies, Inc. (NYSE:TRV)

Trueblood Wealth Management LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,692 shares of the insurance provider’s stock, valued at approximately $322,000.

Several other large investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC lifted its position in Travelers Companies by 1.9% during the first quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $562,000 after purchasing an additional 58 shares during the last quarter. Farmers Trust Co. boosted its holdings in Travelers Companies by 4.5% during the 4th quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock valued at $290,000 after acquiring an additional 66 shares during the period. First Affirmative Financial Network lifted its stake in Travelers Companies by 3.3% in the fourth quarter. First Affirmative Financial Network now owns 2,173 shares of the insurance provider’s stock worth $414,000 after acquiring an additional 69 shares during the period. Equitable Holdings Inc. lifted its position in Travelers Companies by 2.5% during the 2nd quarter. Equitable Holdings Inc. now owns 2,816 shares of the insurance provider’s stock valued at $489,000 after acquiring an additional 70 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in Travelers Companies by 1.1% in the third quarter. Integrated Wealth Concepts LLC now owns 6,221 shares of the insurance provider’s stock worth $1,016,000 after buying an additional 70 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 12,287 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the sale, the executive vice president now directly owns 14,080 shares in the company, valued at approximately $2,966,374.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,775 shares of company stock valued at $23,343,903. Insiders own 1.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TRV. Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $194.00 to $215.00 and gave the stock a “market perform” rating in a report on Monday, January 22nd. Royal Bank of Canada upped their target price on shares of Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. TD Cowen initiated coverage on shares of Travelers Companies in a research report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price objective on the stock. Raymond James raised their price target on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Finally, UBS Group raised their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $201.38.

Travelers Companies Stock Up 0.6 %

Shares of NYSE TRV traded up $1.31 during mid-day trading on Thursday, hitting $230.14. The company had a trading volume of 871,106 shares, compared to its average volume of 1,502,651. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $230.87. The company has a market capitalization of $52.73 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.17 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The business’s 50-day simple moving average is $217.17 and its 200 day simple moving average is $189.72.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company had revenue of $10.93 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same period in the previous year, the business earned $3.40 EPS. Travelers Companies’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post 17.67 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, March 7th. Travelers Companies’s payout ratio is currently 31.27%.

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.