The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,752 shares of the insurance provider’s stock after purchasing an additional 47 shares during the quarter. Tectonic Advisors LLC’s holdings in Travelers Companies were worth $2,108,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Czech National Bank raised its position in Travelers Companies by 6.4% in the third quarter. Czech National Bank now owns 46,431 shares of the insurance provider’s stock worth $10,870,000 after purchasing an additional 2,795 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Travelers Companies by 27.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,258 shares of the insurance provider’s stock worth $1,465,000 after buying an additional 1,332 shares during the period. Miracle Mile Advisors LLC boosted its holdings in Travelers Companies by 1.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 16,918 shares of the insurance provider’s stock valued at $3,961,000 after purchasing an additional 181 shares during the period. Bangor Savings Bank increased its position in Travelers Companies by 56.3% during the 3rd quarter. Bangor Savings Bank now owns 300 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 108 shares in the last quarter. Finally, Aprio Wealth Management LLC acquired a new position in Travelers Companies in the 3rd quarter valued at approximately $228,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated 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 directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TRV shares. Barclays increased their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $260.47.

Travelers Companies Price Performance

TRV opened at $244.29 on Wednesday. The company has a market capitalization of $55.46 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.07 and a beta of 0.64. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $246.03 and a 200-day moving average price of $239.17. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the business earned $7.01 earnings per share. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed 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. This represents a $4.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

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.