Ascent Group LLC Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Ascent Group LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 15.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,332 shares of the insurance provider’s stock after purchasing an additional 444 shares during the quarter. Ascent Group LLC’s holdings in Travelers Companies were worth $615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Price T Rowe Associates Inc. MD grew its holdings in Travelers Companies by 5.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,376,802 shares of the insurance provider’s stock worth $1,247,639,000 after purchasing an additional 370,993 shares during the period. Great West Life Assurance Co. Can purchased a new stake in shares of Travelers Companies during the third quarter valued at approximately $42,750,000. Barclays PLC grew its holdings in shares of Travelers Companies by 74.7% during the third quarter. Barclays PLC now owns 625,735 shares of the insurance provider’s stock valued at $95,863,000 after buying an additional 267,460 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Travelers Companies by 129.0% during the third quarter. Truist Financial Corp now owns 443,382 shares of the insurance provider’s stock valued at $67,927,000 after buying an additional 249,765 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Travelers Companies during the third quarter valued at approximately $26,472,000. Hedge funds and other institutional investors own 81.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on TRV. Barclays cut their price target on shares of Travelers Companies from $197.00 to $196.00 and set an “equal weight” rating on the stock in a report on Thursday, January 19th. Raymond James increased their price target on shares of Travelers Companies from $200.00 to $220.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 25th. Wells Fargo & Company increased their price target on shares of Travelers Companies from $180.00 to $181.00 and gave the company an “equal weight” rating in a report on Wednesday, January 25th. Royal Bank of Canada increased their price objective on shares of Travelers Companies from $190.00 to $195.00 in a research report on Wednesday, January 25th. Finally, Piper Sandler increased their price objective on shares of Travelers Companies from $182.00 to $190.00 in a research report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $189.71.

Insider Activity

In other news, EVP Diane Kurtzman sold 2,914 shares of the firm’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $185.01, for a total transaction of $539,119.14. Following the sale, the executive vice president now directly owns 1,735 shares in the company, valued at approximately $320,992.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Vice Chairman William H. Heyman sold 9,000 shares of the firm’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $191.42, for a total transaction of $1,722,780.00. Following the completion of the transaction, the insider now directly owns 251,605 shares of the company’s stock, valued at $48,162,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 2,914 shares of the firm’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $185.01, for a total transaction of $539,119.14. Following the transaction, the executive vice president now directly owns 1,735 shares of the company’s stock, valued at $320,992.35. The disclosure for this sale can be found here. Insiders have sold 188,163 shares of company stock worth $35,402,200 in the last three months. Company insiders own 1.07% of the company’s stock.

Travelers Companies Stock Down 0.3 %

TRV opened at $171.76 on Wednesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $149.65 and a 1-year high of $194.51. The company has a market capitalization of $39.86 billion, a PE ratio of 14.62, a PEG ratio of 1.45 and a beta of 0.61. The firm’s 50 day simple moving average is $185.66 and its two-hundred day simple moving average is $178.71.

Travelers Companies (NYSE:TRV – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The insurance provider reported $3.40 earnings per share for the quarter, hitting the consensus estimate of $3.40. The business had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.78 billion. Travelers Companies had a net margin of 7.71% and a return on equity of 13.34%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $5.20 earnings per share. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 14.09 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $3.72 annualized dividend and a dividend yield of 2.17%. Travelers Companies’s payout ratio is 31.66%.

Travelers Companies Profile

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The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment provides an array of property and casualty insurance, and insurance related services to its customers primarily in the U.S., as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world as a corporate member of Lloyd’s.