The Travelers Companies, Inc. $TRV Stake Boosted by Spire Wealth Management

Spire Wealth Management increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 31.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,895 shares of the insurance provider’s stock after acquiring an additional 2,119 shares during the period. Spire Wealth Management’s holdings in Travelers Companies were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CX Institutional grew its stake in Travelers Companies by 16.0% during the 3rd quarter. CX Institutional now owns 24,078 shares of the insurance provider’s stock worth $6,723,000 after buying an additional 3,329 shares during the last quarter. Childress Capital Advisors LLC boosted its holdings in shares of Travelers Companies by 8.2% during the third quarter. Childress Capital Advisors LLC now owns 1,237 shares of the insurance provider’s stock valued at $345,000 after acquiring an additional 94 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Travelers Companies by 4.2% during the third quarter. Park Avenue Securities LLC now owns 15,577 shares of the insurance provider’s stock valued at $4,350,000 after acquiring an additional 628 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of Travelers Companies by 28.9% during the third quarter. KLP Kapitalforvaltning AS now owns 103,979 shares of the insurance provider’s stock worth $29,033,000 after acquiring an additional 23,300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Travelers Companies by 253.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 5,877 shares of the insurance provider’s stock worth $1,641,000 after acquiring an additional 4,212 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Morgan Stanley boosted their price objective on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Piper Sandler increased their price objective on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $305.00 to $317.00 and gave the stock an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $298.38.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the sale, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,295 shares of company stock valued at $13,011,918 in the last three months. 1.46% of the stock is currently owned by insiders.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $284.01 on Friday. The stock has a market cap of $63.35 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 2.71 and a beta of 0.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $296.85. The stock’s 50 day moving average price is $286.40 and its 200 day moving average price is $274.85.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the company posted $5.24 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

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.