Palisade Asset Management LLC Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Palisade Asset Management LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,933 shares of the insurance provider’s stock after purchasing an additional 250 shares during the quarter. Palisade Asset Management LLC’s holdings in Travelers Companies were worth $5,321,000 as of its most recent SEC filing.

Other large 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 worth about $26,000. AM Squared Ltd increased its holdings in shares of Travelers Companies by 100.0% in 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. Valued Wealth Advisors LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $40,000. OLD Second National Bank of Aurora acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $41,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The disclosure for this sale can be found here. Insiders sold a total of 18,635 shares of company stock valued at $3,980,827 over the last three months. 1.33% of the stock is currently owned by insiders.

Travelers Companies Price Performance

NYSE TRV traded up $0.37 during mid-day trading on Wednesday, hitting $217.34. The stock had a trading volume of 586,237 shares, compared to its average volume of 1,449,372. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company has a market cap of $49.77 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 1.11 and a beta of 0.60. The company has a 50 day simple moving average of $220.64 and a 200 day simple moving average of $201.34. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released 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 net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the previous year, the business earned $4.11 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 17.71 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.93%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s payout ratio is 29.72%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRV. Piper Sandler reissued a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. The Goldman Sachs Group increased their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Royal Bank of Canada decreased their price objective on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Finally, Citigroup increased their price objective on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Travelers Companies currently 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.