Peddock Capital Advisors LLC Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Peddock Capital Advisors LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,000 shares of the insurance provider’s stock after acquiring an additional 59 shares during the period. Peddock Capital Advisors LLC’s holdings in Travelers Companies were worth $2,650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Franklin Resources Inc. raised its stake in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after purchasing an additional 38,515 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $9,798,000. Orion Portfolio Solutions LLC boosted its stake in shares of Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after buying an additional 4,665 shares in the last quarter. LPL Financial LLC grew its holdings in Travelers Companies by 7.4% during the second quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock worth $36,099,000 after acquiring an additional 12,190 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies in the third quarter valued at $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. The trade was a 69.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 in the last 90 days. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Up 0.3 %

NYSE:TRV traded up $0.69 during trading hours on Monday, hitting $233.12. The stock had a trading volume of 1,750,881 shares, compared to its average volume of 1,371,742. The company has a market cap of $52.92 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The business has a 50 day simple moving average of $250.73 and a two-hundred day simple moving average of $234.97. The Travelers Companies, Inc. has a 1-year low of $194.54 and a 1-year high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.95 EPS. Analysts predict that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets raised their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Piper Sandler decreased their target price on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $217.00 price target (down previously from $256.00) on shares of Travelers Companies in a research report on Wednesday, December 11th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $254.85.

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.