Spire Wealth Management boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 36.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,849 shares of the insurance provider’s stock after purchasing an additional 767 shares during the quarter. Spire Wealth Management’s holdings in Travelers Companies were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of TRV. Fairfield Bush & CO. purchased a new position in Travelers Companies during the 1st quarter worth $160,000. Cibc World Market Inc. increased its holdings in Travelers Companies by 28.8% during the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after purchasing an additional 1,327 shares during the period. Vontobel Holding Ltd. increased its holdings in Travelers Companies by 1.0% during the 1st quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock worth $2,210,000 after purchasing an additional 115 shares during the period. Blair William & Co. IL increased its holdings in Travelers Companies by 40.6% during the 1st quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock worth $9,420,000 after purchasing an additional 14,873 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Travelers Companies by 5.0% in the 1st quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock valued at $4,952,000 after acquiring an additional 1,286 shares during the period. 81.06% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Citigroup lifted their price target on Travelers Companies from $188.00 to $191.00 and gave the company a “neutral” rating in a report on Monday, July 24th. Wells Fargo & Company lifted their price target on Travelers Companies from $183.00 to $185.00 in a report on Thursday, July 20th. Jefferies Financial Group cut their price target on Travelers Companies from $183.00 to $180.00 and set a “hold” rating on the stock in a report on Tuesday, July 25th. Piper Sandler cut their price target on Travelers Companies from $208.00 to $176.00 in a report on Thursday, July 6th. Finally, Roth Capital reissued a “buy” rating on shares of Travelers Companies in a research report on Friday, April 21st. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has an average rating of “Moderate Buy” and a consensus price target of $196.08.
Travelers Companies Stock Performance
Shares of TRV opened at $162.47 on Friday. The stock has a 50-day moving average of $171.19 and a two-hundred day moving average of $175.50. 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 0.37, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $37.20 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.37 and a beta of 0.59.
Travelers Companies (NYSE:TRV – Get Free Report) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.99). Travelers Companies had a return on equity of 10.75% and a net margin of 5.77%. The firm had revenue of $10.10 billion for the quarter, compared to analyst estimates of $9.97 billion. During the same period in the prior year, the firm posted $2.57 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. As a group, research analysts predict that The Travelers Companies, Inc. will post 12.01 EPS for the current year.
Travelers Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $4.00 annualized dividend and a dividend yield of 2.46%. Travelers Companies’s dividend payout ratio (DPR) is presently 42.60%.
Insider Activity
In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $175.05, for a total value of $1,750,500.00. Following the completion of the transaction, the executive vice president now owns 14,080 shares of the company’s stock, valued at approximately $2,464,704. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.29% of the company’s stock.
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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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