Naples Money Management LLC Makes New $252,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

Naples Money Management LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,323 shares of the insurance provider’s stock, valued at approximately $252,000.

A number of other hedge funds have also recently modified their holdings of TRV. Clearbridge Investments LLC boosted its position in Travelers Companies by 15.8% in the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after purchasing an additional 623,974 shares in the last quarter. Northern Trust Corp boosted its holdings in Travelers Companies by 0.9% during the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock worth $560,451,000 after buying an additional 29,989 shares in the last quarter. Morgan Stanley grew its position in Travelers Companies by 19.6% during the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after buying an additional 539,294 shares during the period. Bank of New York Mellon Corp raised its position in shares of Travelers Companies by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock worth $373,286,000 after acquiring an additional 95,153 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Travelers Companies by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock worth $257,853,000 after acquiring an additional 31,165 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following 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 is accessible through this link. In related news, EVP David Donnay Rowland sold 10,181 shares of Travelers Companies stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the sale, the executive vice president now directly owns 7,865 shares in the company, valued at approximately $1,683,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s 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 sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. In the last three months, insiders sold 109,775 shares of company stock valued at $23,343,903. Insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock traded up $3.57 during trading hours on Friday, reaching $213.99. The company had a trading volume of 1,918,256 shares, compared to its average volume of 1,506,480. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $49.03 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.08 and a beta of 0.58. The stock has a fifty day moving average of $221.80 and a 200-day moving average of $196.27.

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 analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same period last year, the firm posted $4.11 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.62 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed 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 1.96%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TRV shares. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday. Piper Sandler reaffirmed a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Royal Bank of Canada dropped their price target on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research note on Thursday. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Finally, TD Cowen began coverage on shares of Travelers Companies in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 target price on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $220.78.

About Travelers Companies

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.