The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by CX Institutional

CX Institutional raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,297 shares of the insurance provider’s stock after buying an additional 3,301 shares during the quarter. CX Institutional’s holdings in Travelers Companies were worth $5,371,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. AE Wealth Management LLC raised its position in Travelers Companies by 51.1% during the second quarter. AE Wealth Management LLC now owns 1,994 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 674 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Travelers Companies by 39.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock worth $3,182,000 after buying an additional 4,466 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Travelers Companies by 11.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,452 shares of the insurance provider’s stock valued at $2,735,000 after purchasing an additional 1,342 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Travelers Companies by 15.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the insurance provider’s stock worth $143,000 after buying an additional 87 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in Travelers Companies by 7.6% during the second quarter. Evergreen Capital Management LLC now owns 2,080 shares of the insurance provider’s stock worth $423,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays lowered their target price on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company raised their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a research note on Friday. Finally, BMO Capital Markets increased their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $258.21.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,670 shares of company stock worth $4,861,329. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.4 %

TRV opened at $242.37 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The stock has a market capitalization of $55.02 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.09 and a beta of 0.65. The business has a fifty day moving average price of $248.61 and a 200 day moving average price of $236.77. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10,795,375 billion. During the same period in the prior year, the firm earned $7.01 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

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.