The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Wealth Alliance

Wealth Alliance raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 8.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,721 shares of the insurance provider’s stock after buying an additional 212 shares during the quarter. Wealth Alliance’s holdings in Travelers Companies were worth $518,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Travelers Companies in the fourth quarter valued at approximately $239,875,000. Barclays PLC lifted its position in shares of Travelers Companies by 215.5% in the second quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock valued at $159,378,000 after acquiring an additional 626,837 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares in the last quarter. Morgan Stanley lifted its position in shares of Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after acquiring an additional 539,294 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Travelers Companies by 1,826.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after acquiring an additional 486,098 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Travelers Companies stock opened at $206.58 on Thursday. The firm has a market capitalization of $47.33 billion, a P/E ratio of 16.15, a PEG ratio of 1.17 and a beta of 0.58. The stock has a fifty day moving average price of $221.87 and a 200 day moving average price of $196.17. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.74 by ($0.05). The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.11 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.64 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.03%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is 31.27%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 26,633 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,775 shares of company stock valued at $23,343,903. Company insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRV. Citigroup lifted their price objective on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Piper Sandler reaffirmed a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. Finally, Evercore ISI lifted their price objective on Travelers Companies from $230.00 to $253.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average target price of $217.00.

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.