The Travelers Companies, Inc. $TRV Stock Position Boosted by Bogart Wealth LLC

Bogart Wealth LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 229.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204 shares of the insurance provider’s stock after buying an additional 142 shares during the period. Bogart Wealth LLC’s holdings in Travelers Companies were worth $55,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC raised its holdings in Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after purchasing an additional 3,611,758 shares in the last quarter. Nuveen LLC bought a new position in Travelers Companies during the 1st quarter valued at $294,755,000. Bahl & Gaynor Inc. increased its position in shares of Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after purchasing an additional 490,039 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Travelers Companies by 86.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after buying an additional 342,666 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TRV shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Friday. Piper Sandler upped their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Finally, Wolfe Research initiated coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $291.31.

Travelers Companies Stock Performance

Travelers Companies stock opened at $269.43 on Wednesday. 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 company has a market cap of $60.10 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The firm’s 50 day simple moving average is $274.06 and its 200-day simple moving average is $266.51.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The firm had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $5.24 EPS. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is 17.30%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.46% of the company’s stock.

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.