Gries Financial LLC Buys 209 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Gries Financial LLC grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,158 shares of the insurance provider’s stock after acquiring an additional 209 shares during the period. Gries Financial LLC’s holdings in Travelers Companies were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. EP Wealth Advisors LLC lifted its holdings in Travelers Companies by 10.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,817 shares of the insurance provider’s stock worth $573,000 after buying an additional 261 shares in the last quarter. Advisory Alpha LLC acquired a new position in shares of Travelers Companies during the second quarter valued at $218,000. Cetera Investment Advisers boosted its holdings in Travelers Companies by 7.4% in the second quarter. Cetera Investment Advisers now owns 48,921 shares of the insurance provider’s stock valued at $9,948,000 after acquiring an additional 3,380 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Travelers Companies in the second quarter worth about $67,000. Finally, Sanctuary Advisors LLC bought a new stake in Travelers Companies during the 2nd quarter worth about $9,798,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $249.02 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 firm has a market cap of $56.53 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The stock’s 50-day moving average is $247.33 and its 200-day moving average is $238.15. 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 released 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 firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.01 EPS. Equities analysts predict that The Travelers Companies, Inc. will post 20.6 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRV. Bank of America raised their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research note on Monday. Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $260.47.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was 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. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred 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 sale, the insider now directly 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 disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

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.