Virtu Financial LLC Invests $640,000 in The Travelers Companies, Inc. (NYSE:TRV)

Virtu Financial LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,782 shares of the insurance provider’s stock, valued at approximately $640,000.

A number of other large investors have also recently made changes to their positions in the stock. Global Retirement Partners LLC raised its position in Travelers Companies by 45.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,235 shares of the insurance provider’s stock valued at $243,000 after purchasing an additional 385 shares in the last quarter. PFG Advisors purchased a new stake in Travelers Companies during the fourth quarter valued at about $233,000. Patten & Patten Inc. TN purchased a new stake in Travelers Companies during the fourth quarter valued at about $202,000. Independence Bank of Kentucky purchased a new stake in Travelers Companies during the fourth quarter valued at about $47,000. Finally, Trust Point Inc. purchased a new stake in Travelers Companies during the fourth quarter valued at about $252,000. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TRV shares. Jefferies Financial Group decreased their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Piper Sandler decreased their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. The Goldman Sachs Group lifted their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $221.11.

Travelers Companies Stock Up 1.2 %

Travelers Companies stock traded up $2.48 during trading hours on Friday, hitting $214.53. 1,845,634 shares of the stock traded hands, compared to its average volume of 1,378,572. The firm’s 50-day moving average price is $209.72 and its two-hundred day moving average price is $214.85. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $48.90 billion, a PE ratio of 15.82, a PEG ratio of 1.12 and a beta of 0.61. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.23 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio is currently 31.20%.

About Travelers Companies

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.