914 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 914 shares of the insurance provider’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp grew its holdings in Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after purchasing an additional 120,228 shares during the period. FMR LLC increased its holdings in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC raised its stake in Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after acquiring an additional 114,714 shares during the period. Legal & General Group Plc boosted its position in Travelers Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after purchasing an additional 37,029 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Travelers Companies by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock worth $350,396,000 after purchasing an additional 10,285 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of several analyst reports. Barclays cut their price objective on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday, January 6th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Tuesday, December 10th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. Piper Sandler lowered their price target on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $255.53.

Travelers Companies Stock Performance

NYSE TRV opened at $241.75 on Friday. The company has a 50-day simple moving average of $248.61 and a two-hundred day simple moving average of $236.77. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The firm has a market cap of $54.88 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.05 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10,795,375 billion. During the same period last year, the company earned $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that The Travelers Companies, Inc. will post 19 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.74%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,670 shares of company stock worth $4,861,329 in the last three months. 1.33% of the stock is owned by 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.