M Holdings Securities Inc. Buys New Holdings in The Travelers Companies, Inc. (NYSE:TRV)

M Holdings Securities Inc. bought a new stake in The Travelers Companies, Inc. (NYSE:TRVGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,318 shares of the insurance provider’s stock, valued at approximately $972,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Asset Management LLC bought a new stake in Travelers Companies during the 1st quarter worth approximately $28,000. Addison Advisors LLC boosted its stake in shares of Travelers Companies by 293.5% in the 1st quarter. Addison Advisors LLC now owns 181 shares of the insurance provider’s stock worth $33,000 after buying an additional 135 shares during the last quarter. Kings Point Capital Management boosted its stake in shares of Travelers Companies by 60.7% in the 1st quarter. Kings Point Capital Management now owns 180 shares of the insurance provider’s stock worth $33,000 after buying an additional 68 shares during the last quarter. Dividend Assets Capital LLC purchased a new position in Travelers Companies in the fourth quarter valued at approximately $35,000. Finally, Riverview Trust Co purchased a new position in Travelers Companies in the first quarter valued at approximately $35,000. 82.39% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 2,945 shares of the stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $168.33, for a total transaction of $495,731.85. Following the sale, the executive vice president now directly owns 1,020 shares of the company’s stock, valued at $171,696.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.07% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of several research analyst reports. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Barclays decreased their price target on shares of Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Morgan Stanley reduced their target price on Travelers Companies from $181.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 19th. Piper Sandler cut their price target on shares of Travelers Companies from $190.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, July 22nd. Finally, Citigroup began coverage on shares of Travelers Companies in a report on Monday, May 23rd. They set a “neutral” rating and a $179.00 target price for the company. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $174.60.

Travelers Companies Price Performance

Travelers Companies stock opened at $164.16 on Friday. The stock has a market cap of $38.96 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 2.96 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 1 year low of $145.40 and a 1 year high of $187.98. The firm has a 50-day moving average of $163.51 and a two-hundred day moving average of $170.88.

Travelers Companies (NYSE:TRVGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. The business had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the prior year, the business posted $3.45 EPS. Travelers Companies’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts forecast that The Travelers Companies, Inc. will post 13.61 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.27%. Travelers Companies’s payout ratio is currently 25.82%.

About Travelers Companies

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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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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