Mutual Advisors LLC Increases Position in The Travelers Companies, Inc. $TRV

Mutual Advisors LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 70.4% during the second quarter, HoldingsChannel reports. The firm owned 1,876 shares of the insurance provider’s stock after purchasing an additional 775 shares during the period. Mutual Advisors LLC’s holdings in Travelers Companies were worth $490,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its position in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in Travelers Companies during the first quarter valued at about $26,000. Missouri Trust & Investment Co raised its position in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in Travelers Companies during the first quarter valued at about $32,000. Finally, Nova Wealth Management Inc. purchased a new stake in Travelers Companies during the second quarter valued at about $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TRV. UBS Group raised their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Piper Sandler lifted their price objective on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Finally, Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $292.47.

Travelers Companies Stock Up 0.3%

Shares of NYSE:TRV opened at $262.31 on Monday. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The company has a market cap of $58.51 billion, a PE ratio of 10.31, a P/E/G ratio of 2.51 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s 50-day moving average is $273.93 and its 200 day moving average is $266.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the business earned $5.24 EPS. Travelers Companies’s revenue was up 4.8% compared to the same quarter last year. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s payout ratio is currently 17.30%.

Travelers Companies 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.