Robertson Stephens Wealth Management LLC Has $416,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Robertson Stephens Wealth Management LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,727 shares of the insurance provider’s stock after purchasing an additional 127 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Travelers Companies were worth $416,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. grew its position in Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares during the period. Orion Portfolio Solutions LLC grew its position in Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after purchasing an additional 4,665 shares during the period. Czech National Bank grew its position in Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at $50,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Travelers Companies in the 3rd quarter valued at $1,219,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TRV. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company raised their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Stock Down 1.0 %

TRV stock opened at $245.13 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $55.65 billion, a PE ratio of 11.42, a PEG ratio of 1.07 and a beta of 0.64. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The stock has a 50-day simple moving average of $245.24 and a two-hundred day simple moving average of $239.28.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $7.01 earnings per share. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that The Travelers Companies, Inc. will post 20.6 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.

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.