Brookstone Capital Management Raises Holdings in The Travelers Companies, Inc. $TRV

Brookstone Capital Management increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1,760.4% in the 1st quarter, HoldingsChannel reports. The firm owned 50,732 shares of the insurance provider’s stock after buying an additional 48,005 shares during the quarter. Brookstone Capital Management’s holdings in Travelers Companies were worth $14,798,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Arbejdsmarkedets Tillaegspension acquired a new position in Travelers Companies in the 4th quarter valued at about $24,167,000. Rit Capital Partners PLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $39,450,000. Elo Mutual Pension Insurance Co grew its holdings in shares of Travelers Companies by 24.9% during the third quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock worth $9,737,000 after buying an additional 6,954 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Travelers Companies by 192.8% during the third quarter. Kovitz Investment Group Partners LLC now owns 135,330 shares of the insurance provider’s stock worth $37,787,000 after buying an additional 89,108 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Travelers Companies by 17.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock valued at $261,616,000 after buying an additional 133,152 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRV. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Piper Sandler boosted their price target on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Finally, Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $309.07.

Travelers Companies Trading Up 1.0%

NYSE TRV opened at $310.87 on Tuesday. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.66. The company has a 50-day moving average of $301.52 and a 200-day moving average of $295.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $66.11 billion, a P/E ratio of 9.25, a P/E/G ratio of 2.78 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the company earned $1.91 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities analysts predict that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s payout ratio is 14.88%.

Insider Buying and Selling

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,853,239.50. This trade represents a 51.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the sale, the insider directly owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,573 shares of company stock worth $11,504,146 over the last 90 days. Company insiders own 1.39% of the company’s stock.

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.