The Travelers Companies, Inc. $TRV Holdings Increased by Calamos Advisors LLC

Calamos Advisors LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,082 shares of the insurance provider’s stock after buying an additional 1,291 shares during the quarter. Calamos Advisors LLC’s holdings in Travelers Companies were worth $22,846,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Alta Advisers Ltd raised its position in Travelers Companies by 78.9% during the 3rd quarter. Alta Advisers Ltd now owns 1,476 shares of the insurance provider’s stock worth $526,000 after purchasing an additional 651 shares during the last quarter. Kestra Advisory Services LLC boosted its position in shares of Travelers Companies by 4.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 61,504 shares of the insurance provider’s stock valued at $21,927,000 after purchasing an additional 2,667 shares in the last quarter. MMA Asset Management LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $430,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the third quarter valued at $54,000. Finally, Chicago Partners Investment Group LLC raised its stake in Travelers Companies by 0.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,754 shares of the insurance provider’s stock worth $2,292,000 after buying an additional 41 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Down 1.9%

Shares of NYSE TRV traded down $7.81 during trading on Friday, hitting $395.08. The stock had a trading volume of 1,415,074 shares, compared to its average volume of 1,452,712. The firm has a fifty day moving average of $377.66 and a two-hundred day moving average of $332.77. The company has a market capitalization of $80.97 billion, a PE ratio of 10.36, a PEG ratio of 2.76 and a beta of 0.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12 month low of $268.00 and a 12 month high of $418.00.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, topping the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. During the same period in the previous year, the company earned $8.14 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s dividend payout ratio is 13.11%.

Analysts Set New Price Targets

TRV has been the subject of several research reports. Truist Financial lifted their price target on shares of Travelers Companies from $425.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Cantor Fitzgerald raised their price objective on shares of Travelers Companies from $378.00 to $397.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $384.00 target price (up from $363.00) on shares of Travelers Companies in a report on Monday, October 19th. Weiss Ratings raised shares of Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a research report on Friday, October 9th. Finally, Jefferies Financial Group lifted their price target on Travelers Companies from $351.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $370.83.

Insider Activity

In other news, EVP Maria Olivo sold 15,000 shares of Travelers Companies stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the sale, the executive vice president directly owned 88,642 shares in the company, valued at $36,077,294. The trade was a 14.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey Klenk sold 9,016 shares of the stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $405.57, for a total transaction of $3,656,619.12. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $2,463,837.75. The trade was a 59.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 195,287 shares of company stock worth $77,818,050. 1.39% of the stock is owned by insiders.

Travelers Companies Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.