The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 182.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,374 shares of the insurance provider’s stock after acquiring an additional 8,636 shares during the period. SteelPeak Wealth LLC’s holdings in Travelers Companies were worth $3,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. State Street Corp raised its stake in shares of Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after purchasing an additional 120,228 shares during the last quarter. FMR LLC increased its holdings in 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 buying an additional 1,568,909 shares during the period. Geode Capital Management LLC raised its position in Travelers Companies by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after buying an additional 114,714 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Travelers Companies by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after acquiring an additional 10,285 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Travelers Companies by 4.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider’s stock valued at $254,169,000 after acquiring an additional 41,683 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.9 %

TRV opened at $248.65 on Wednesday. The company has a market cap of $56.45 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company has a 50-day moving average price of $247.69 and a 200 day moving average price of $237.81. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.01 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, 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 currently owned by corporate insiders.

Analyst Ratings Changes

TRV has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a report on Monday. Jefferies Financial Group lifted their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped 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, January 23rd. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Bank of America boosted their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Company 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.