Procyon Advisors LLC Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Procyon Advisors LLC lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,032 shares of the insurance provider’s stock after purchasing an additional 480 shares during the quarter. Procyon Advisors LLC’s holdings in Travelers Companies were worth $3,988,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Willner & Heller LLC lifted its position in shares of Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 45 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in Travelers Companies during the third quarter worth approximately $6,565,000. Crestmont Private Wealth LLC acquired a new position in Travelers Companies in the third quarter valued at approximately $206,000. Exchange Bank purchased a new position in Travelers Companies in the third quarter valued at approximately $286,000. Finally, CHICAGO TRUST Co NA acquired a new stake in Travelers Companies during the third quarter worth approximately $236,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 1.4 %

Travelers Companies stock opened at $236.58 on Monday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $53.92 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a 50 day moving average price of $227.80 and a 200 day moving average price of $218.75.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 17.08 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 26.55%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.33% of the stock is owned by insiders.

Analyst Ratings Changes

TRV has been the subject of several recent research reports. Barclays initiated coverage on Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price target for the company. The Goldman Sachs Group lifted their price objective on Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a research report on Wednesday, October 9th. Morgan Stanley dropped their price target on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Piper Sandler reduced their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $230.89.

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.