PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in The Travelers Companies, Inc. (NYSE:TRV – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 39,202 shares of the insurance provider’s stock, valued at approximately $11,371,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its holdings in Travelers Companies by 1.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock worth $541,000 after acquiring an additional 36 shares in the last quarter. Greenleaf Trust raised its stake in Travelers Companies by 0.4% in the fourth quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock valued at $2,911,000 after buying an additional 37 shares during the period. Allegiance Financial Group Advisory Services LLC raised its stake in Travelers Companies by 3.4% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,130 shares of the insurance provider’s stock valued at $328,000 after buying an additional 37 shares during the period. CYBER HORNET ETFs LLC increased its stake in shares of Travelers Companies by 6.0% during the fourth quarter. CYBER HORNET ETFs LLC now owns 656 shares of the insurance provider’s stock worth $190,000 after purchasing an additional 37 shares during the period. Finally, Ibex Wealth Advisors increased its stake in shares of Travelers Companies by 1.4% during the third quarter. Ibex Wealth Advisors now owns 2,889 shares of the insurance provider’s stock worth $807,000 after purchasing an additional 40 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,573 shares of company stock valued at $11,504,146 in the last quarter. 1.39% of the stock is currently owned by company insiders.
Travelers Companies Stock Performance
Travelers Companies (NYSE:TRV – Get Free Report) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. The company had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.91 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.
Travelers Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.09%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Brean Capital initiated coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating for the company. Piper Sandler increased their price target on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Seaport Research Partners set a $322.00 target price on Travelers Companies in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $311.47.
Read Our Latest Analysis on TRV
Travelers Companies Company Profile
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
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