The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,785 shares of the insurance provider’s stock after buying an additional 343 shares during the period. Atomi Financial Group Inc.’s holdings in Travelers Companies were worth $671,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after buying an additional 38,515 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $9,798,000. Orion Portfolio Solutions LLC raised its stake in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after buying an additional 4,665 shares during the period. Czech National Bank raised its stake in shares of Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after buying an additional 2,792 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies during the 3rd quarter worth approximately $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. This represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,670 shares of company stock valued at $4,861,329. 1.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on TRV shares. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler dropped their price target on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays dropped their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Roth Mkm boosted their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $255.53.

Travelers Companies Stock Performance

NYSE:TRV opened at $241.75 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week 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 moving average price of $248.61 and a 200 day moving average price of $236.77. The stock has a market capitalization of $54.88 billion, a P/E ratio of 12.40, a PEG ratio of 1.05 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $7.01 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 19 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio is presently 21.54%.

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.