Leavell Investment Management Inc. Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Posted by Defense World Staff on Mar 25th, 2023

Leavell Investment Management Inc. increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 42.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,339 shares of the insurance provider’s stock after buying an additional 700 shares during the period. Leavell Investment Management Inc.’s holdings in Travelers Companies were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new stake in shares of Travelers Companies during the 3rd quarter worth about $26,000. Massmutual Trust Co. FSB ADV lifted its stake in Travelers Companies by 57.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 183 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Travelers Companies during the third quarter worth approximately $34,000. Standard Family Office LLC acquired a new position in Travelers Companies during the third quarter worth approximately $38,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 56.7% in the third quarter. EverSource Wealth Advisors LLC now owns 257 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 81.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Evercore ISI raised Travelers Companies from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $183.00 to $220.00 in a report on Tuesday, January 10th. StockNews.com initiated coverage on Travelers Companies in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. BMO Capital Markets began coverage on Travelers Companies in a research report on Thursday, January 19th. They set an “outperform” rating and a $212.00 target price on the stock. Barclays dropped their price target on Travelers Companies from $197.00 to $196.00 and set an “equal weight” rating for the company in a research note on Thursday, January 19th. Finally, Wells Fargo & Company upped their price target on Travelers Companies from $180.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $189.71.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 9,000 shares of the stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $191.42, for a total transaction of $1,722,780.00. Following the transaction, the insider now owns 251,605 shares of the company’s stock, valued at approximately $48,162,229.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Alan D. Schnitzer sold 150,829 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $188.53, for a total value of $28,435,791.37. Following the sale, the chief executive officer now owns 196,914 shares of the company’s stock, valued at approximately $37,124,196.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $191.42, for a total value of $1,722,780.00. Following the completion of the sale, the insider now directly owns 251,605 shares in the company, valued at approximately $48,162,229.10. The disclosure for this sale can be found here. Insiders have sold a total of 188,163 shares of company stock valued at $35,402,200 in the last quarter. Insiders own 1.07% of the company’s stock.

Travelers Companies Trading Up 0.6 %

Shares of TRV opened at $164.91 on Friday. The company has a market capitalization of $38.27 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.10 and a beta of 0.61. The Travelers Companies, Inc. has a one year low of $149.65 and a one year high of $194.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50-day moving average price of $181.92 and a 200 day moving average price of $178.73.

Travelers Companies (NYSE:TRV – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The insurance provider reported $3.40 EPS for the quarter, meeting analysts’ consensus estimates of $3.40. Travelers Companies had a return on equity of 13.34% and a net margin of 7.71%. The firm had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter in the prior year, the business posted $5.20 earnings per share. Travelers Companies’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 14.11 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Thursday, March 9th. Travelers Companies’s dividend payout ratio is presently 31.66%.

Travelers Companies Company Profile

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The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment provides an array of property and casualty insurance, and insurance related services to its customers primarily in the U.S., as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world as a corporate member of Lloyd’s.