Atria Wealth Solutions Inc. Acquires 12,548 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Atria Wealth Solutions Inc. increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 235.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,886 shares of the insurance provider’s stock after purchasing an additional 12,548 shares during the period. Atria Wealth Solutions Inc.’s holdings in Travelers Companies were worth $3,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Command Advisory Services Inc. bought a new position in shares of Travelers Companies during the third quarter valued at approximately $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies in the third quarter valued at approximately $27,000. AM Squared Ltd boosted 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 acquiring an additional 100 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $40,000. Finally, OLD Second National Bank of Aurora acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $41,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies 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 completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction 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 80,734 shares of company stock valued at $17,208,404 over the last 90 days. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.3 %

Shares of Travelers Companies stock opened at $213.45 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a fifty day moving average price of $221.50 and a 200 day moving average price of $198.66. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The stock has a market cap of $48.88 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) 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 analysts’ expectations of $10.62 billion. During the same period last year, the business earned $4.11 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 17.74 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Roth Mkm restated a “buy” rating and issued a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. The Goldman Sachs Group raised their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. TD Cowen lowered their target price on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Citigroup raised their target price on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group lowered their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $223.47.

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.