The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,930 shares of the insurance provider’s stock after acquiring an additional 151 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Travelers Companies were worth $558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Clearbridge Investments LLC increased its stake in shares of Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after purchasing an additional 623,974 shares during the period. Northern Trust Corp increased its stake in shares of Travelers Companies by 0.9% in the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after purchasing an additional 29,989 shares during the period. Morgan Stanley increased its stake in shares of Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after purchasing an additional 539,294 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Travelers Companies by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after purchasing an additional 95,153 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Travelers Companies by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock valued at $257,853,000 after purchasing an additional 31,165 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Citigroup boosted their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday. The Goldman Sachs Group boosted their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Janney Montgomery Scott assumed coverage on Travelers Companies in a report on Wednesday, December 20th. They set a “buy” rating and a $215.00 target price on the stock. Finally, Piper Sandler reissued a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $218.39.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Donnay Rowland sold 10,181 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the transaction, the executive vice president now directly owns 7,865 shares of the company’s stock, valued at approximately $1,683,110. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,775 shares of company stock valued at $23,343,903. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 1.9 %

Shares of NYSE:TRV traded up $3.84 during trading on Thursday, reaching $210.42. 1,984,069 shares of the company traded hands, compared to its average volume of 1,492,870. The firm has a fifty day simple moving average of $221.87 and a 200 day simple moving average of $196.17. The firm has a market cap of $48.21 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.17 and a beta of 0.58. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same period last year, the business earned $4.11 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 17.64 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.00%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is presently 31.27%.

Travelers Companies Company 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.