Carnegie Capital Asset Management LLC Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Carnegie Capital Asset Management LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,098 shares of the insurance provider’s stock after buying an additional 210 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Travelers Companies were worth $2,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. purchased a new stake in Travelers Companies during the 3rd quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at approximately $27,000. FWL Investment Management LLC purchased a new stake in Travelers Companies during the 4th quarter valued at approximately $28,000. Quarry LP purchased a new stake in Travelers Companies during the 1st quarter valued at approximately $31,000. Finally, AM Squared Ltd raised its stake in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $221.06 on Tuesday. The business’s fifty day moving average price is $221.82 and its two-hundred day moving average price is $195.68. The stock has a market cap of $50.65 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business had revenue of $10.93 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter last year, the firm earned $3.40 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. On average, analysts forecast that The Travelers Companies, Inc. will post 17.62 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, March 7th. Travelers Companies’s dividend payout ratio (DPR) is currently 31.27%.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the transaction, the senior vice president now directly owns 719 shares in the company, valued at $153,046.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRV. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Raymond James increased their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Janney Montgomery Scott started coverage on Travelers Companies in a research note on Wednesday, December 20th. They set a “buy” rating and a $215.00 target price for the company. Citigroup increased their target price on Travelers Companies from $185.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Finally, Piper Sandler reissued a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus target price of $215.71.

Travelers Companies 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.