Talbot Financial LLC Grows Stake in The Travelers Companies, Inc. (NYSE:TRV)

Talbot Financial LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,805 shares of the insurance provider’s stock after purchasing an additional 1,163 shares during the period. Travelers Companies comprises 1.9% of Talbot Financial LLC’s investment portfolio, making the stock its 18th biggest position. Talbot Financial LLC’s holdings in Travelers Companies were worth $14,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TRV. Bank of Nova Scotia grew its stake in Travelers Companies by 14.0% during the 3rd quarter. Bank of Nova Scotia now owns 25,437 shares of the insurance provider’s stock valued at $4,154,000 after acquiring an additional 3,124 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at about $756,000. Gotham Asset Management LLC grew its stake in Travelers Companies by 6.3% during the 3rd quarter. Gotham Asset Management LLC now owns 15,209 shares of the insurance provider’s stock valued at $2,484,000 after acquiring an additional 899 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in Travelers Companies by 6.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,412 shares of the insurance provider’s stock valued at $231,000 after acquiring an additional 90 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at about $25,301,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,635 shares of company stock valued at $3,980,827. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. Jefferies Financial Group decreased their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. TD Cowen decreased their price objective on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. The Goldman Sachs Group upped their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Finally, Evercore ISI decreased their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $221.12.

Travelers Companies Stock Down 0.2 %

Shares of NYSE:TRV traded down $0.37 during trading hours on Monday, reaching $202.97. The stock had a trading volume of 1,243,921 shares, compared to its average volume of 1,393,131. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The firm’s 50 day moving average is $212.47 and its 200-day moving average is $211.70. 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 stock has a market capitalization of $46.48 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.08 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the prior year, the company posted $4.11 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Research analysts predict that The Travelers Companies, Inc. will post 17.59 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.07%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Travelers Companies 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.