Fifth Third Wealth Advisors LLC Invests $222,000 in The Travelers Companies, Inc. (NYSE:TRV)

Fifth Third Wealth Advisors LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 966 shares of the insurance provider’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TRV. Northwest Financial Advisors bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $32,000. Private Wealth Management Group LLC bought a new stake in Travelers Companies in the fourth quarter valued at $39,000. Valued Wealth Advisors LLC bought a new stake in Travelers Companies in the fourth quarter valued at $40,000. OLD Second National Bank of Aurora bought a new stake in Travelers Companies in the fourth quarter valued at $41,000. Finally, Opal Wealth Advisors LLC bought a new stake in Travelers Companies in the first quarter valued at $42,000. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. TD Cowen dropped their target price on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. HSBC boosted their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. Royal Bank of Canada restated a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a report on Monday. Finally, William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday. Three equities research 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $221.12.

Travelers Companies Stock Performance

NYSE:TRV traded down $3.61 during mid-day trading on Friday, reaching $203.34. The company’s stock had a trading volume of 2,251,181 shares, compared to its average volume of 1,393,209. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The firm’s fifty day moving average price is $212.76 and its two-hundred day moving average price is $211.21. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market cap of $46.56 billion, a P/E ratio of 15.38, a PEG ratio of 1.09 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the firm posted $4.11 EPS. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.59 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.07%. Travelers Companies’s payout ratio is 31.20%.

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.