Talbot Financial LLC Buys 1,687 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Talbot Financial LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,743 shares of the insurance provider’s stock after purchasing an additional 1,687 shares during the quarter. Travelers Companies makes up approximately 1.9% of Talbot Financial LLC’s holdings, making the stock its 18th biggest position. Talbot Financial LLC’s holdings in Travelers Companies were worth $16,078,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AGF Management Ltd. lifted its position in Travelers Companies by 6.2% in the second quarter. AGF Management Ltd. now owns 11,005 shares of the insurance provider’s stock worth $2,238,000 after buying an additional 639 shares during the last quarter. LPL Financial LLC lifted its position in Travelers Companies by 7.4% in the second quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock worth $36,099,000 after buying an additional 12,190 shares during the last quarter. American Century Companies Inc. lifted its position in Travelers Companies by 12.1% in the second quarter. American Century Companies Inc. now owns 369,500 shares of the insurance provider’s stock worth $75,134,000 after buying an additional 39,906 shares during the last quarter. BOKF NA lifted its position in Travelers Companies by 1.4% in the second quarter. BOKF NA now owns 7,348 shares of the insurance provider’s stock worth $1,494,000 after buying an additional 101 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its position in shares of Travelers Companies by 44.8% during the second quarter. Meeder Advisory Services Inc. now owns 4,564 shares of the insurance provider’s stock worth $928,000 after purchasing an additional 1,411 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 over the last ninety days. 1.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TRV shares. BMO Capital Markets lifted their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company restated an “underweight” rating and set a $217.00 price target (down previously from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. Barclays cut their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Piper Sandler cut their target price on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $254.85.

Travelers Companies Trading Up 0.1 %

Shares of NYSE TRV traded up $0.23 during midday trading on Monday, reaching $232.66. 698,690 shares of the stock were exchanged, compared to its average volume of 1,212,933. The Travelers Companies, Inc. has a twelve month low of $194.54 and a twelve month high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company has a 50 day simple moving average of $250.73 and a 200 day simple moving average of $234.97. The stock has a market capitalization of $52.82 billion, a P/E ratio of 11.93, a PEG ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.95 EPS. As a group, equities analysts expect that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $1.05 per share. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.81%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

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.