Ibex Wealth Advisors Buys Shares of 2,931 The Travelers Companies, Inc. $TRV

Ibex Wealth Advisors purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,931 shares of the insurance provider’s stock, valued at approximately $855,000.

A number of other large investors have also recently added to or reduced their stakes in TRV. Spinnaker Trust lifted its holdings in shares of Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 33 shares in the last quarter. Cim LLC lifted its stake in Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after buying an additional 34 shares in the last quarter. Haverford Trust Co increased its position in Travelers Companies by 0.7% during the fourth quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock worth $1,511,000 after buying an additional 35 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in Travelers Companies by 0.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock worth $1,519,000 after buying an additional 35 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Travelers Companies by 1.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock worth $541,000 after acquiring an additional 36 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TRV shares. UBS Group upped their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday. Cantor Fitzgerald lifted their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America lowered their price objective on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley increased their target price on Travelers Companies from $310.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Piper Sandler upped their price objective on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $328.76.

Trending Headlines about Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “market perform” rating on Travelers and raised its price target to $356 from $342, implying modest upside from current levels. KBW price target update
• Positive Sentiment: Travelers announced it will be the first anchor carrier partner in Applied’s new submissionless commercial insurance experience, an AI-enabled tool that could improve quote speed and workflow efficiency for agents and carriers. Applied partnership announcement
• Positive Sentiment: A Zacks note highlighted that Travelers’ auto and homeowners insurance business is driving growth, with recurring premiums and underwriting income supported by disciplined pricing and technology. Zacks growth note
• Neutral Sentiment: Mizuho raised its price target to $324 from $304 but kept a “neutral” rating, signaling limited near-term upside in its view. Mizuho price target update
• Neutral Sentiment: Wells Fargo lifted its target to $334 from $295 while maintaining an “equal weight” stance, also suggesting the shares are fairly valued after the recent rally. Wells Fargo price target update
• Negative Sentiment: A Seeking Alpha piece argued that Travelers’ strong fundamentals may already be reflected in the recent run-up, reinforcing a more cautious view after the stock’s sharp climb. Seeking Alpha downgrade

Travelers Companies Stock Down 0.3%

Shares of NYSE TRV opened at $336.88 on Friday. The stock has a fifty day moving average price of $309.46 and a 200 day moving average price of $299.48. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $349.35. The company has a market cap of $71.64 billion, a P/E ratio of 10.02, a P/E/G ratio of 3.05 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 earnings per share. Research analysts anticipate that The Travelers Companies, Inc. will post 28.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th were issued a $1.25 dividend. 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 yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 14.88%.

Insider Activity

In related news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the sale, the executive vice president owned 6,075 shares in the company, valued at approximately $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. The trade was a 18.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,573 shares of company stock worth $11,504,146 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

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.