MB Levis & Associates LLC Acquires 136 Shares of The Travelers Companies, Inc. $TRV

MB Levis & Associates LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,150 shares of the insurance provider’s stock after buying an additional 136 shares during the period. Travelers Companies accounts for approximately 0.7% of MB Levis & Associates LLC’s portfolio, making the stock its 26th largest position. MB Levis & Associates LLC’s holdings in Travelers Companies were worth $1,645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in Travelers Companies by 2.2% in the second quarter. International Assets Investment Management LLC now owns 2,124 shares of the insurance provider’s stock worth $568,000 after buying an additional 46 shares during the period. Koshinski Asset Management Inc. lifted its holdings in Travelers Companies by 1.3% in the second quarter. Koshinski Asset Management Inc. now owns 28,451 shares of the insurance provider’s stock worth $7,612,000 after buying an additional 363 shares during the period. Citizens Business Bank lifted its holdings in Travelers Companies by 0.6% in the second quarter. Citizens Business Bank now owns 22,131 shares of the insurance provider’s stock worth $5,921,000 after buying an additional 128 shares during the period. Carmel Capital Partners LLC purchased a new stake in Travelers Companies in the second quarter worth about $1,924,000. Finally, Chevy Chase Trust Holdings LLC lifted its holdings in Travelers Companies by 0.6% in the second quarter. Chevy Chase Trust Holdings LLC now owns 120,189 shares of the insurance provider’s stock worth $32,155,000 after buying an additional 733 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TRV shares. Piper Sandler raised their price objective on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $292.47.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $262.31 on Friday. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The firm has a market cap of $59.05 billion, a P/E ratio of 10.31, a PEG ratio of 2.90 and a beta of 0.51. The company has a 50 day moving average of $273.93 and a 200 day moving average of $266.31. The company has a quick ratio of 0.33, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period in the previous year, the business earned $5.24 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Insider Buying and Selling

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares of the company’s stock, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Travelers Companies Company Profile

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.