LVW Advisors LLC Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

LVW Advisors LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,754 shares of the insurance provider’s stock after purchasing an additional 180 shares during the period. LVW Advisors LLC’s holdings in Travelers Companies were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Y.D. More Investments Ltd acquired a new position in Travelers Companies during the second quarter valued at $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC raised its position in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the first quarter worth about $42,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies in the first quarter worth about $45,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 1.4 %

Shares of NYSE TRV opened at $236.58 on Friday. The company has a 50 day simple moving average of $227.80 and a 200-day simple moving average of $218.87. The company has a market capitalization of $53.92 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $243.48.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter last year, the business posted $0.06 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.2 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.78%. Travelers Companies’s dividend payout ratio (DPR) is presently 26.55%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on TRV shares. Barclays started coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. The Goldman Sachs Group raised their price target on shares of Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a research note on Wednesday. Jefferies Financial Group raised their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $230.89.

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.