Lifeworks Advisors LLC Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Lifeworks Advisors LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,283 shares of the insurance provider’s stock, valued at approximately $535,000.

Other large investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in Travelers Companies in the second quarter worth approximately $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the first quarter worth approximately $35,000. Beacon Capital Management LLC grew its position in 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 in the last quarter. Wolff Wiese Magana LLC grew its position in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the third quarter worth approximately $50,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 0.1 %

Shares of NYSE:TRV opened at $256.52 on Friday. The Travelers Companies, Inc. has a 12 month low of $167.08 and a 12 month high of $269.55. The company’s 50-day moving average price is $243.42 and its two-hundred day moving average price is $223.76. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market cap of $58.24 billion, a P/E ratio of 13.15, a P/E/G ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. Travelers Companies’s dividend payout ratio is 21.54%.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Piper Sandler decreased their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $247.90.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $5,840,163.66. This trade represents a 30.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock worth $16,580,166 in the last ninety days. Company insiders own 1.33% of the company’s stock.

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.