SRS Capital Advisors Inc. Has $393,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

SRS Capital Advisors Inc. increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 48.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,064 shares of the insurance provider’s stock after buying an additional 674 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Travelers Companies were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Natixis Advisors L.P. lifted its stake in Travelers Companies by 4.8% in the fourth quarter. Natixis Advisors L.P. now owns 76,727 shares of the insurance provider’s stock valued at $14,615,000 after acquiring an additional 3,522 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Travelers Companies by 7.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 112,423 shares of the insurance provider’s stock valued at $21,416,000 after buying an additional 8,085 shares during the period. West Family Investments Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $243,000. Robertson Stephens Wealth Management LLC lifted its position in Travelers Companies by 4.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,985 shares of the insurance provider’s stock worth $378,000 after buying an additional 79 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in Travelers Companies by 16.2% during the 4th quarter. First Trust Direct Indexing L.P. now owns 8,218 shares of the insurance provider’s stock valued at $1,565,000 after purchasing an additional 1,148 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Down 0.2 %

Shares of TRV stock traded down $0.48 during mid-day trading on Friday, hitting $213.89. The company’s stock had a trading volume of 1,298,444 shares, compared to its average volume of 1,481,971. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The business has a 50-day moving average price of $220.96 and a 200 day moving average price of $199.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $48.98 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.11 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the prior year, the firm earned $4.11 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors 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 1.96%. The ex-dividend date is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is 29.72%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRV. HSBC upped their price target on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. TD Cowen lowered their price objective on Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Piper Sandler restated a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. Morgan Stanley raised their price target on Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, The Goldman Sachs Group lifted their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $223.47.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on 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 directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,635 shares of company stock worth $12,057,727. 1.33% of the stock is owned by insiders.

Travelers Companies Profile

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.