FAS Wealth Partners Inc. Grows Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

FAS Wealth Partners Inc. grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,502 shares of the insurance provider’s stock after purchasing an additional 1,154 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Travelers Companies were worth $2,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at about $26,000. First Command Advisory Services Inc. purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at about $26,000. Arlington Trust Co LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at about $27,000. FWL Investment Management LLC purchased a new stake in Travelers Companies in the 4th quarter worth approximately $28,000. Finally, Country Trust Bank increased its holdings in Travelers Companies by 548.1% in the 3rd quarter. Country Trust Bank now owns 175 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at approximately $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the sale, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,775 shares of company stock worth $23,343,903. 1.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TRV has been the subject of several analyst reports. Raymond James increased their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Piper Sandler reissued a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a report on Monday. HSBC initiated coverage on shares of Travelers Companies in a report on Thursday, December 28th. They issued a “hold” rating and a $203.00 target price for the company. Citigroup increased their target price on shares of Travelers Companies from $185.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Finally, Janney Montgomery Scott initiated coverage on shares of Travelers Companies in a report on Wednesday, December 20th. They issued a “buy” rating and a $215.00 target price for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $203.69.

Get Our Latest Research Report on TRV

Travelers Companies Stock Down 0.1 %

NYSE TRV opened at $227.93 on Wednesday. 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 company has a market capitalization of $52.23 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.20 and a beta of 0.58. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $230.87. The stock has a 50 day moving average price of $219.08 and a 200-day moving average price of $191.58.

Travelers Companies (NYSE:TRVGet Free Report) last posted its earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $1.91. The firm had revenue of $10.93 billion during the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.40 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.7 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. Stockholders of record on Friday, March 8th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.75%. Travelers Companies’s dividend payout ratio is currently 31.27%.

Travelers Companies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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