The Travelers Companies, Inc. $TRV Position Increased by Vest Financial LLC

Vest Financial LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,507 shares of the insurance provider’s stock after purchasing an additional 15,250 shares during the period. Travelers Companies comprises approximately 0.9% of Vest Financial LLC’s holdings, making the stock its 22nd largest position. Vest Financial LLC’s holdings in Travelers Companies were worth $82,178,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TRV. Berman McAleer LLC lifted its position in Travelers Companies by 3.5% in the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after buying an additional 30 shares in the last quarter. Willner & Heller LLC grew its holdings in shares of Travelers Companies by 2.7% during the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after acquiring an additional 32 shares in the last quarter. Spinnaker Trust grew its holdings in shares of Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares in the last quarter. Avalon Trust Co grew its holdings in shares of Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after acquiring an additional 35 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its stake in shares of Travelers Companies by 2.1% in the first quarter. Wesbanco Bank Inc. now owns 1,780 shares of the insurance provider’s stock worth $519,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRV. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $372.00 to $382.00 and gave the company a “market perform” rating in a research report on Tuesday. Roth Capital upped their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. BMO Capital Markets raised their price target on Travelers Companies from $379.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a report on Monday. Finally, Mizuho boosted their price target on Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $364.32.

Travelers Companies Trading Up 0.8%

Travelers Companies stock opened at $398.83 on Thursday. The Travelers Companies, Inc. has a one year low of $264.25 and a one year high of $399.71. The company’s fifty day moving average price is $370.12 and its two-hundred day moving average price is $339.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $81.74 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.80 and a beta of 0.43.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. The company had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.14 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post 35.47 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Daniel Yin sold 7,153 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 6,000 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the completion of the sale, the executive vice president owned 118,742 shares of the company’s stock, valued at $43,917,916.12. The trade was a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,317 shares of company stock worth $6,597,631 over the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies News Summary

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, adding to the positive analyst sentiment following the company’s earnings performance. Wells Fargo Travelers stock outlook
• Positive Sentiment: Truist Financial raised its price target for Travelers, signaling improved expectations for the insurer’s valuation. Truist raises Travelers price target
• Positive Sentiment: Travelers reported third-quarter earnings of $9.18 per share, well above the $7.39 consensus estimate, while revenue also exceeded expectations. The earnings beat supports the recent strength in TRV shares.
• Positive Sentiment: Analysts’ overall fair-value estimates moved modestly higher after the third-quarter results, reflecting better operating expectations for the insurer. Travelers fair value lift

Travelers Companies Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.