Koshinski Asset Management Inc. Buys New Position in The Travelers Companies, Inc. (NYSE:TRV)

Koshinski Asset Management Inc. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 28,040 shares of the insurance provider’s stock, valued at approximately $6,565,000.

Other hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $35,000. Beacon Capital Management LLC raised 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 acquiring an additional 66 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $42,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.4 %

TRV stock traded up $3.38 during trading on Friday, reaching $236.58. 932,564 shares of the stock traded hands, compared to its average volume of 1,043,600. The business’s 50 day moving average price is $227.80 and its 200-day moving average price is $218.82. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48. 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 firm has a market capitalization of $53.92 billion, a PE ratio of 14.95, a P/E/G ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same period last year, the firm posted $0.06 EPS. Travelers Companies’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.08 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 26.55%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TRV shares. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Piper Sandler decreased their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group lifted their price target on Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a research note on Wednesday. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Finally, Bank of America boosted their target price on Travelers Companies from $223.00 to $241.00 and gave the stock an “underperform” rating in a research report on Thursday. Four research analysts have rated the stock with a sell rating, fourteen 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, the company presently has a consensus rating of “Hold” and a consensus target price 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.