CW Advisors LLC Increases Stock Holdings in The Travelers Companies, Inc. $TRV

CW Advisors LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 51.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,969 shares of the insurance provider’s stock after buying an additional 6,104 shares during the period. CW Advisors LLC’s holdings in Travelers Companies were worth $4,808,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Missouri Trust & Investment Co raised its stake in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Quaker Wealth Management LLC grew its holdings in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Travelers Companies during the 2nd quarter valued at about $30,000. Flaharty Asset Management LLC purchased a new stake in Travelers Companies in the 1st quarter worth about $32,000. Finally, Nova Wealth Management Inc. bought a new stake in Travelers Companies in the second quarter worth about $32,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares in the company, valued at $9,106,815.74. This represents a 20.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer owned 26,932 shares in the company, valued at $7,493,829. This trade represents a 48.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,295 shares of company stock worth $13,011,918 in the last three months. Corporate insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Piper Sandler boosted their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Citigroup initiated coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $292.73.

Travelers Companies Stock Performance

TRV stock opened at $280.72 on Friday. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $296.85. The business has a 50-day moving average price of $279.10 and a 200 day moving average price of $271.78. The company has a market capitalization of $62.62 billion, a P/E ratio of 11.04, a PEG ratio of 2.78 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter last year, the firm posted $5.24 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s payout ratio is 17.30%.

Travelers Companies 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.