Aries Wealth Management Has $871,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Aries Wealth Management lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 36.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,614 shares of the insurance provider’s stock after purchasing an additional 956 shares during the quarter. Aries Wealth Management’s holdings in Travelers Companies were worth $871,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Avestar Capital LLC boosted its holdings in Travelers Companies by 12.9% in the fourth quarter. Avestar Capital LLC now owns 1,320 shares of the insurance provider’s stock worth $318,000 after purchasing an additional 151 shares in the last quarter. PrairieView Partners LLC lifted its position in shares of Travelers Companies by 4.8% in the fourth quarter. PrairieView Partners LLC now owns 1,625 shares of the insurance provider’s stock worth $391,000 after buying an additional 75 shares during the last quarter. Hemington Wealth Management boosted its stake in shares of Travelers Companies by 16.9% during the 4th quarter. Hemington Wealth Management now owns 414 shares of the insurance provider’s stock worth $99,000 after acquiring an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Travelers Companies by 1.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,923 shares of the insurance provider’s stock valued at $4,077,000 after acquiring an additional 292 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its stake in shares of Travelers Companies by 3.4% in the 4th quarter. Great Lakes Retirement Inc. now owns 5,507 shares of the insurance provider’s stock valued at $1,327,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRV shares. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Bank of America lifted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. BMO Capital Markets upped their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, UBS Group raised their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Price Performance

NYSE:TRV opened at $243.22 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The company has a 50-day moving average of $243.62 and a 200-day moving average of $240.44. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a market capitalization of $55.22 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.08 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $7.01 earnings per share. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is 19.56%.

Travelers Companies Company Profile

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.