GSB Wealth Management LLC Has $2.46 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

GSB Wealth Management LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,214 shares of the insurance provider’s stock after selling 85 shares during the quarter. GSB Wealth Management LLC’s holdings in Travelers Companies were worth $2,461,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Grimes & Company Inc. boosted its holdings in shares of Travelers Companies by 3.9% in the 4th quarter. Grimes & Company Inc. now owns 2,541 shares of the insurance provider’s stock valued at $612,000 after purchasing an additional 95 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Travelers Companies by 30.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,395 shares of the insurance provider’s stock valued at $818,000 after purchasing an additional 800 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Travelers Companies by 1.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,902 shares of the insurance provider’s stock valued at $940,000 after purchasing an additional 63 shares in the last quarter. CX Institutional boosted its holdings in shares of Travelers Companies by 17.4% in the 4th quarter. CX Institutional now owns 22,297 shares of the insurance provider’s stock valued at $5,371,000 after purchasing an additional 3,301 shares in the last quarter. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $538,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $241.29 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The stock has a 50-day moving average of $247.92 and a 200-day moving average of $237.06. The company has a market cap of $54.78 billion, a PE ratio of 11.24, a P/E/G ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $7.01 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 20.33 EPS 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. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRV. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $259.00 to $310.00 in a report on Friday. Roth Mkm increased their price target on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday. Keefe, Bruyette & Woods dropped their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Finally, The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $260.11.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,670 shares of company stock worth $4,861,329. Insiders own 1.33% of the company’s stock.

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.