Fiduciary Financial Group LLC Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Fiduciary Financial Group LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.6% during the third quarter, Holdings Channel.com reports. The firm owned 1,441 shares of the insurance provider’s stock after purchasing an additional 50 shares during the period. Fiduciary Financial Group LLC’s holdings in Travelers Companies were worth $332,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TRV. Y.D. More Investments Ltd purchased a new stake in Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC boosted its position in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the 1st quarter valued at approximately $42,000. Finally, Tributary Capital Management LLC purchased a new stake in Travelers Companies in the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction 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 transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Up 1.4 %

Shares of NYSE:TRV opened at $236.58 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $227.80 and a 200-day simple moving average of $218.82. The company has a market capitalization of $54.18 billion, a PE ratio of 17.58, a P/E/G ratio of 1.21 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $243.48.

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

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s payout ratio is currently 31.20%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. Barclays assumed coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price target on the stock. Citigroup lifted their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Finally, Piper Sandler reduced their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $230.89.

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.