First Horizon Corp Takes $18.27 Million Position in The Travelers Companies, Inc. $TRV

First Horizon Corp purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 65,420 shares of the insurance provider’s stock, valued at approximately $18,267,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC grew its holdings 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 worth $27,000 after acquiring an additional 55 shares during the period. Osterweis Capital Management Inc. boosted its position in shares of 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 in the last quarter. Missouri Trust & Investment Co grew its stake in Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the period. Delos Wealth Advisors LLC bought a new position in Travelers Companies in the second quarter worth $27,000. Finally, Clayton Financial Group LLC purchased a new position in Travelers Companies during the third quarter valued at $28,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 8,920 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. The trade was a 7.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction on 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 transaction, the chief financial officer directly owned 26,932 shares in the company, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 46,295 shares of company stock valued at $13,011,918. Insiders own 1.46% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $281.99 on Monday. The stock has a market capitalization of $62.90 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 2.69 and a beta of 0.52. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $296.85. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $286.67 and its 200 day simple moving average is $275.11.

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

Travelers Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research report on Thursday. Piper Sandler raised 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. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group raised Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. One equities research 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 stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $298.38.

Travelers Companies 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.