The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by BSW Wealth Partners

BSW Wealth Partners raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,585 shares of the insurance provider’s stock after purchasing an additional 63 shares during the period. BSW Wealth Partners’ holdings in Travelers Companies were worth $1,586,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TRV. FMR LLC raised its holdings in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC grew its position in Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after buying an additional 518,075 shares during the last quarter. Bank of Montreal Can grew its position in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after buying an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at $54,988,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Travelers Companies by 216.3% in the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after acquiring an additional 232,428 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TRV shares. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research note on Monday. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $260.47.

Travelers Companies Stock Performance

NYSE TRV opened at $248.65 on Wednesday. The firm has a market cap of $56.45 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $247.69 and its 200-day moving average is $237.81. 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 posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $7.01 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts predict that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate 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.