AE Wealth Management LLC Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

AE Wealth Management LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,527 shares of the insurance provider’s stock after purchasing an additional 616 shares during the quarter. AE Wealth Management LLC’s holdings in Travelers Companies were worth $1,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Voya Investment Management LLC raised its holdings in Travelers Companies by 30.7% during the second quarter. Voya Investment Management LLC now owns 142,230 shares of the insurance provider’s stock worth $24,055,000 after purchasing an additional 33,383 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Travelers Companies by 1.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,040,422 shares of the insurance provider’s stock worth $175,967,000 after purchasing an additional 11,097 shares in the last quarter. Core Alternative Capital raised its holdings in Travelers Companies by 24.8% during the second quarter. Core Alternative Capital now owns 418 shares of the insurance provider’s stock worth $71,000 after purchasing an additional 83 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in Travelers Companies during the first quarter worth approximately $32,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Travelers Companies by 0.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 24,641 shares of the insurance provider’s stock worth $4,167,000 after purchasing an additional 225 shares in the last quarter. 81.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Maria Olivo sold 13,516 shares of the business’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $179.21, for a total value of $2,422,202.36. Following the sale, the executive vice president now directly owns 98,675 shares in the company, valued at approximately $17,683,546.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman William H. Heyman sold 1,000 shares of the business’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $180.00, for a total value of $180,000.00. Following the sale, the insider now directly owns 251,605 shares in the company, valued at approximately $45,288,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Olivo sold 13,516 shares of the business’s stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $179.21, for a total transaction of $2,422,202.36. Following the completion of the sale, the executive vice president now owns 98,675 shares in the company, valued at $17,683,546.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,485 shares of company stock worth $14,105,670. Corporate insiders own 1.07% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $191.63 on Thursday. The firm has a market capitalization of $44.91 billion, a P/E ratio of 14.01, a PEG ratio of 2.34 and a beta of 0.65. The Travelers Companies, Inc. has a one year low of $149.65 and a one year high of $194.45. The company’s fifty day moving average is $186.63 and its two-hundred day moving average is $172.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRVGet Rating) last issued its earnings results on Wednesday, October 19th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.77 by $0.43. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $8.58 billion. Travelers Companies had a net margin of 9.26% and a return on equity of 14.31%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.60 EPS. Analysts forecast that The Travelers Companies, Inc. will post 13.22 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 9th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $3.72 annualized dividend and a dividend yield of 1.94%. Travelers Companies’s payout ratio is currently 27.19%.

Analyst Ratings Changes

A number of research firms have weighed in on TRV. Evercore ISI raised shares of Travelers Companies from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $183.00 to $220.00 in a report on Tuesday. Morgan Stanley lifted their target price on shares of Travelers Companies from $175.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, November 22nd. Piper Sandler lifted their target price on shares of Travelers Companies from $182.00 to $190.00 in a report on Tuesday. MKM Partners lifted their target price on shares of Travelers Companies from $185.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 1st. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, November 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $183.43.

Travelers Companies Company Profile

(Get Rating)

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.

Further Reading

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

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.