Principle Wealth Partners LLC Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Principle Wealth Partners LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,992 shares of the insurance provider’s stock after purchasing an additional 241 shares during the quarter. Principle Wealth Partners LLC’s holdings in Travelers Companies were worth $3,237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. raised its position in Travelers Companies by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock valued at $18,217,000 after purchasing an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC raised its position in Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after purchasing an additional 7,649 shares during the period. Worth Asset Management LLC purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $2,201,000. Nordea Investment Management AB raised its position in Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after purchasing an additional 16,580 shares during the period. Finally, DNB Asset Management AS raised its position in Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after purchasing an additional 24,230 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Piper Sandler restated a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a research note on Monday, April 1st. Roth Mkm restated a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research note on Thursday, April 18th. Keefe, Bruyette & Woods dropped their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Finally, Morgan Stanley boosted their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.47.

Insider Activity

In other news, EVP Maria Olivo sold 10,553 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total value of $2,247,050.29. Following the completion of the sale, the executive vice president now directly owns 103,443 shares of the company’s stock, valued at $22,026,117.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Maria Olivo sold 10,553 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total value of $2,247,050.29. Following the completion of the sale, the executive vice president now directly owns 103,443 shares of the company’s stock, valued at $22,026,117.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,734 shares of company stock valued at $17,208,404. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV traded down $0.54 during trading hours on Friday, hitting $213.45. The company had a trading volume of 1,706,046 shares, compared to its average volume of 1,389,936. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The company has a market cap of $48.88 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58. The business has a 50 day moving average of $221.50 and a 200-day moving average of $198.66.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the prior year, the company earned $4.11 EPS. The business’s revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.74 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 29.72%.

About Travelers Companies

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.