The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 35.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,381 shares of the insurance provider’s stock after buying an additional 623 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Travelers Companies were worth $444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC raised its position in shares of Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after purchasing an additional 7,649 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $2,201,000. Nordea Investment Management AB raised its position in shares of Travelers Companies by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after purchasing an additional 16,580 shares during the period. DNB Asset Management AS raised its position in shares of Travelers Companies by 53.5% during the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after purchasing an additional 24,230 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Travelers Companies by 25.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 92,045 shares of the insurance provider’s stock worth $17,534,000 after purchasing an additional 18,485 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV opened at $215.70 on Friday. The firm has a market cap of $49.39 billion, a PE ratio of 16.03, a P/E/G ratio of 1.10 and a beta of 0.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $218.55 and a 200-day simple moving average of $207.24. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75.

Travelers Companies (NYSE:TRVGet Free Report) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.11 earnings per share. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.86 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is presently 29.72%.

Insider Activity

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRV shares. Roth Mkm reiterated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. JPMorgan Chase & Co. raised their target price on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Piper Sandler restated a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. Finally, Evercore ISI lowered their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $222.65.

View Our Latest Analysis on TRV

About Travelers Companies

(Free Report)

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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