McElhenny Sheffield Capital Management LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

McElhenny Sheffield Capital Management LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,310 shares of the insurance provider’s stock, valued at approximately $541,000.

Several other large investors have also recently bought and sold shares of TRV. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies in the second quarter valued at about $25,000. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies during the 1st quarter worth approximately $35,000. Beacon Capital Management LLC grew its holdings in shares of Travelers Companies by 74.2% in 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 during the period. Wolff Wiese Magana LLC increased its stake in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Travelers Companies during the first quarter worth $42,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $265.45 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $60.79 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $269.55. The firm has a 50 day moving average price of $231.88 and a 200 day moving average price of $219.52.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.95 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.09 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.58%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley lowered their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler lowered their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, Citigroup increased their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average target price of $235.42.

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.