Fiduciary Financial Group LLC Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Fiduciary Financial Group LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,441 shares of the insurance provider’s stock after acquiring an additional 50 shares during the period. Fiduciary Financial Group LLC’s holdings in Travelers Companies were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TRV. JPMorgan Chase & Co. increased its holdings in shares of Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after acquiring an additional 3,158,979 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after buying an additional 678,241 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Travelers Companies in the first quarter worth $88,190,000. Renaissance Technologies LLC lifted its stake in shares of Travelers Companies by 324.9% during the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after buying an additional 230,612 shares during the period. Finally, Boston Partners grew its holdings in shares of Travelers Companies by 16.4% during the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after buying an additional 196,011 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $236.58 on Friday. The stock has a market capitalization of $54.18 billion, a P/E ratio of 17.58, a PEG ratio of 1.21 and a beta of 0.62. The business has a 50 day simple moving average of $227.80 and a two-hundred day simple moving average of $218.82. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts predict that The Travelers Companies, Inc. will post 17.2 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a dividend of $1.05 per share. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’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 completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on TRV shares. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Morgan Stanley reduced their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a report on Monday, July 22nd. Finally, Piper Sandler lowered their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $230.89.

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.