The Travelers Companies, Inc. $TRV Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 11.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,580 shares of the insurance provider’s stock after buying an additional 2,140 shares during the quarter. Park Avenue Securities LLC’s holdings in Travelers Companies were worth $7,337,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies during the second quarter worth about $26,000. Kilter Group LLC acquired a new stake in shares of Travelers Companies in the 2nd quarter worth about $26,000. Whipplewood Advisors LLC bought a new stake in Travelers Companies in the 1st quarter valued at about $26,000. Delos Wealth Advisors LLC bought a new stake in Travelers Companies in the 2nd quarter valued at about $30,000. Finally, Allied Private Wealth LLC bought a new stake in Travelers Companies in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.9%

Shares of TRV stock opened at $393.54 on Thursday. The Travelers Companies, Inc. has a 1 year low of $264.25 and a 1 year high of $407.86. The stock has a market cap of $80.66 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 2.78 and a beta of 0.43. The business’s fifty day moving average is $373.17 and its 200-day moving average is $328.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, beating the consensus estimate of $7.39 by $1.79. The business had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.14 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 36.08 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies’s payout ratio is presently 13.11%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Gregory Toczydlowski sold 34,771 shares of the business’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $403.89, for a total value of $14,043,659.19. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $7,438,038.24. The trade was a 65.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey Klenk sold 9,016 shares of the company’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $405.57, for a total transaction of $3,656,619.12. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $2,463,837.75. The trade was a 59.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,287 shares of company stock valued at $70,515,000 in the last quarter. 1.39% of the stock is owned by company insiders.

Analyst Ratings Changes

TRV has been the subject of several recent analyst reports. Piper Sandler upped their target price on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. BMO Capital Markets lifted their price target on Travelers Companies from $379.00 to $388.00 and gave the company a “market perform” rating in a report on Tuesday, October 20th. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a report on Monday, July 20th. Cantor Fitzgerald boosted their price objective on Travelers Companies from $378.00 to $397.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Raymond James Financial set a $430.00 price objective on Travelers Companies in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $366.37.

Travelers Companies Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.