Hilltop Holdings Inc. Invests $3.69 Million in The Travelers Companies, Inc. (NYSE:TRV)

Hilltop Holdings Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 19,383 shares of the insurance provider’s stock, valued at approximately $3,692,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRV. First Command Advisory Services Inc. acquired a new position in shares of Travelers Companies during the third quarter worth approximately $26,000. Northwest Financial Advisors acquired a new position in Travelers Companies during the 4th quarter worth $32,000. AM Squared Ltd grew its stake in shares of Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at about $40,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock valued at $3,980,827 over the last three months. 1.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Sunday, May 5th. Royal Bank of Canada cut their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Finally, Citigroup upped their price objective on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $222.65.

Travelers Companies Trading Up 0.5 %

Shares of NYSE:TRV traded up $1.09 during mid-day trading on Friday, hitting $213.33. The stock had a trading volume of 649,983 shares, compared to its average volume of 1,041,232. The company’s 50 day moving average is $219.73 and its 200-day moving average is $206.00. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $48.85 billion, a PE ratio of 15.85, a P/E/G ratio of 1.10 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.11 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.85 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio is currently 29.72%.

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.