Pathway Financial Advisers LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Pathway Financial Advisers LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 151 shares of the insurance provider’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Boston Partners lifted its stake in Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after buying an additional 196,011 shares during the period. Cetera Advisors LLC grew its holdings in Travelers Companies by 75.3% during the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after purchasing an additional 4,724 shares during the period. Cetera Investment Advisers increased its stake in Travelers Companies by 356.3% in the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after purchasing an additional 35,560 shares in the last quarter. Swedbank AB bought a new position in shares of Travelers Companies during the first quarter worth $26,618,000. Finally, Sanibel Captiva Trust Company Inc. grew its holdings in shares of Travelers Companies by 10.5% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 1,928 shares of the insurance provider’s stock valued at $444,000 after buying an additional 183 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $2.48 during midday trading on Friday, hitting $214.53. 1,852,389 shares of the company’s stock were exchanged, compared to its average volume of 1,288,026. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $48.90 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.10 and a beta of 0.61. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The company’s 50 day moving average price is $209.75 and its 200 day moving average price is $215.11.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. As a group, analysts predict that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.96%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRV. Royal Bank of Canada reiterated a “sector perform” rating and issued a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Piper Sandler dropped their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Roth Mkm reissued a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. boosted their price target on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $221.11.

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.