Vest Financial LLC Grows Stock Holdings in The Travelers Companies, Inc. $TRV

Vest Financial LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,588 shares of the insurance provider’s stock after buying an additional 9,951 shares during the quarter. Vest Financial LLC owned 0.08% of Travelers Companies worth $47,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Joel Isaacson & Co. LLC boosted its stake in shares of Travelers Companies by 0.9% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 5,105 shares of the insurance provider’s stock worth $1,426,000 after purchasing an additional 47 shares during the period. Jackson Thornton Wealth Management LLC bought a new stake in Travelers Companies during the 3rd quarter valued at $371,000. Global View Capital Management LLC grew its position in shares of Travelers Companies by 18.2% during the 3rd quarter. Global View Capital Management LLC now owns 1,561 shares of the insurance provider’s stock worth $436,000 after buying an additional 240 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Travelers Companies during the third quarter valued at $232,000. Finally, QTR Family Wealth LLC lifted its stake in Travelers Companies by 28.1% in the third quarter. QTR Family Wealth LLC now owns 1,202 shares of the insurance provider’s stock worth $336,000 after acquiring an additional 264 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 1,803 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the completion of the sale, the insider directly owned 255,086 shares in the company, valued at $73,860,151.30. The trade was a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Olivo sold 8,920 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the transaction, the executive vice president owned 117,596 shares in the company, valued at $34,776,665.08. This trade represents a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,295 shares of company stock valued at $13,011,918 in the last three months. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Trading Up 1.1%

Travelers Companies stock opened at $272.48 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $285.82 and its two-hundred day simple moving average is $275.51. The Travelers Companies, Inc. has a 12 month low of $230.43 and a 12 month high of $296.85. The firm has a market cap of $60.78 billion, a PE ratio of 10.78, a P/E/G ratio of 2.57 and a beta of 0.52.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.15 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TRV. UBS Group raised their price objective on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Zacks Research downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Piper Sandler upped their target price on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. boosted their price target on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $299.69.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.