Citizens Financial Group Inc. RI Acquires 8,090 Shares of The Travelers Companies, Inc. $TRV

Citizens Financial Group Inc. RI raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 21.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,078 shares of the insurance provider’s stock after acquiring an additional 8,090 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Travelers Companies were worth $12,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. Osterweis Capital Management Inc. grew its holdings in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Missouri Trust & Investment Co lifted its position in shares of Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the 2nd quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Finally, Quaker Wealth Management LLC increased its holdings in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 208 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

TRV opened at $281.99 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $62.90 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 2.69 and a beta of 0.52. The company has a fifty day moving average of $286.67 and a 200 day moving average of $275.11. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $296.85.

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

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total transaction of $575,000.00. Following the sale, the insider directly owned 255,086 shares of the company’s stock, valued at $73,337,225. This represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TRV shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Travelers Companies in a report on Monday, December 29th. Morgan Stanley raised their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Barclays dropped their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Piper Sandler raised their price target on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $298.38.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.