NewEdge Wealth LLC Has $5.17 Million Stock Holdings in The Travelers Companies, Inc. $TRV

NewEdge Wealth LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.3% in the 4th quarter, HoldingsChannel reports. The firm owned 17,832 shares of the insurance provider’s stock after buying an additional 2,236 shares during the period. NewEdge Wealth LLC’s holdings in Travelers Companies were worth $5,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Osterweis Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $28,000. eCIO Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth $37,000. Optima Capital LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $38,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $40,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider owned 259,590 shares in the company, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,573 shares of company stock valued at $8,427,646 in the last ninety days. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Down 0.3%

Shares of NYSE TRV opened at $297.07 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12. The stock has a market capitalization of $63.17 billion, a P/E ratio of 8.84, a PEG ratio of 2.68 and a beta of 0.50. The stock’s fifty day moving average is $300.16 and its 200 day moving average is $290.92.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the business earned $1.91 earnings per share. Travelers Companies’s revenue was down 1.7% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 28.03 earnings per share for the current fiscal year.

Travelers Companies declared that its board has initiated a share buyback plan on Wednesday, January 21st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a $1.25 dividend. The ex-dividend date is Wednesday, June 10th. 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 dividend yield of 1.7%. Travelers Companies’s dividend payout ratio (DPR) is 13.09%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Cantor Fitzgerald lifted their target price on Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Argus raised Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Barclays lifted their target price on Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $309.13.

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.