Aprio Wealth Management LLC Purchases New Stake in The Travelers Companies, Inc. (NYSE:TRV)

Aprio Wealth Management LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, HoldingsChannel reports. The institutional investor acquired 974 shares of the insurance provider’s stock, valued at approximately $228,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of Travelers Companies by 4.3% during the 4th quarter. Sei Investments Co. now owns 155,256 shares of the insurance provider’s stock valued at $29,572,000 after buying an additional 6,404 shares during the last quarter. Elo Mutual Pension Insurance Co grew its holdings in shares of Travelers Companies by 3.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 19,988 shares of the insurance provider’s stock valued at $3,808,000 after purchasing an additional 656 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of Travelers Companies by 136.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 224,885 shares of the insurance provider’s stock worth $42,838,000 after purchasing an additional 129,920 shares during the period. Icon Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $2,069,000. Finally, Ethic Inc. boosted its position in Travelers Companies by 15.6% during the 4th quarter. Ethic Inc. now owns 29,030 shares of the insurance provider’s stock valued at $5,530,000 after purchasing an additional 3,915 shares during the period. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley cut their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler reduced their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $227.05.

Travelers Companies Stock Performance

Shares of TRV stock opened at $230.34 on Wednesday. The company has a market capitalization of $52.75 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $243.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $226.44 and its 200-day simple moving average is $218.56.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. Travelers Companies’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.16 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Company 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.