RWA Wealth Partners LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

RWA Wealth Partners LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,760 shares of the insurance provider’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also modified their holdings of the company. First Command Advisory Services Inc. purchased a new position in shares of Travelers Companies during the third quarter valued at $26,000. Arlington Trust Co LLC purchased a new position in Travelers Companies in the third quarter valued at about $27,000. AM Squared Ltd grew its stake in Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in Travelers Companies in the fourth quarter valued at about $40,000. Finally, OLD Second National Bank of Aurora purchased a new position in Travelers Companies in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders sold a total of 75,734 shares of company stock valued at $16,143,904 in the last quarter. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

NYSE TRV opened at $213.90 on Friday. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. 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 stock has a market capitalization of $48.98 billion, a PE ratio of 15.89, a P/E/G ratio of 1.11 and a beta of 0.58. The stock has a 50-day simple moving average of $221.58 and a 200 day simple moving average of $198.06.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same period in the prior year, the firm posted $4.11 EPS. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. Research analysts anticipate that The Travelers Companies, Inc. will post 17.78 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $1.05 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a yield of 1.96%. Travelers Companies’s dividend payout ratio is 29.72%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group lowered their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. The Goldman Sachs Group boosted their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Raymond James boosted their target price on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Finally, Evercore ISI decreased their price target on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $223.47.

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.