Curi RMB Capital LLC Makes New $460,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

Curi RMB Capital LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,963 shares of the insurance provider’s stock, valued at approximately $460,000.

Several other institutional investors have also modified their holdings of the company. Zions Bancorporation N.A. raised its position in shares of Travelers Companies by 21.2% during the 3rd quarter. Zions Bancorporation N.A. now owns 2,826 shares of the insurance provider’s stock worth $662,000 after acquiring an additional 495 shares in the last quarter. Arjuna Capital purchased a new position in Travelers Companies in the third quarter valued at approximately $4,904,000. Oppenheimer Asset Management Inc. raised its holdings in Travelers Companies by 2.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 80,758 shares of the insurance provider’s stock worth $18,907,000 after purchasing an additional 1,823 shares in the last quarter. MQS Management LLC lifted its position in shares of Travelers Companies by 3.4% during the 3rd quarter. MQS Management LLC now owns 1,935 shares of the insurance provider’s stock worth $453,000 after buying an additional 63 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of Travelers Companies by 7.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,188 shares of the insurance provider’s stock valued at $980,000 after buying an additional 298 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Citigroup boosted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Piper Sandler decreased their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Roth Mkm lifted their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. BMO Capital Markets increased their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Stock Performance

TRV opened at $260.82 on Friday. The Travelers Companies, Inc. has a 1-year low of $169.18 and a 1-year high of $269.55. The stock has a market cap of $59.21 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.23 and a beta of 0.62. The stock’s 50 day simple moving average is $244.44 and its 200 day simple moving average is $224.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share 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 return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is currently 21.54%.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock valued at $16,580,166 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

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.