Resonant Capital Advisors LLC Boosts Stock Position in The Travelers Companies, Inc. $TRV

Resonant Capital Advisors LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 17.2% in the second quarter, Holdings Channel reports. The fund owned 1,057 shares of the insurance provider’s stock after purchasing an additional 155 shares during the period. Resonant Capital Advisors LLC’s holdings in Travelers Companies were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TRV. Cornerstone Planning Group LLC grew its position in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after buying an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies in the 1st quarter worth $26,000. Missouri Trust & Investment Co boosted its holdings in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in shares of Travelers Companies during the second quarter worth about $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Travelers Companies during the first quarter worth about $32,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TRV shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Piper Sandler lifted their price target on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Barclays set a $313.00 target price on Travelers Companies in a report on Wednesday, October 8th. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $291.31.

Travelers Companies Price Performance

TRV stock opened at $270.14 on Tuesday. The stock’s 50 day moving average price is $274.23 and its 200 day moving average price is $267.49. The firm has a market cap of $60.26 billion, a P/E ratio of 10.62, a PEG ratio of 2.44 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping 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 company had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the previous year, the firm posted $5.24 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.46% of the stock is currently owned by company insiders.

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.