Venturi Wealth Management LLC Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Venturi Wealth Management LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 63.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508 shares of the insurance provider’s stock after acquiring an additional 197 shares during the period. Venturi Wealth Management LLC’s holdings in Travelers Companies were worth $122,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Empower Advisory Group LLC lifted its holdings in shares of Travelers Companies by 19.0% during the 4th quarter. Empower Advisory Group LLC now owns 2,598 shares of the insurance provider’s stock worth $626,000 after acquiring an additional 414 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Travelers Companies by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 35,142 shares of the insurance provider’s stock worth $8,465,000 after acquiring an additional 1,805 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in shares of Travelers Companies by 71.2% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 151 shares during the period. Strategic Advisors LLC lifted its holdings in shares of Travelers Companies by 7.1% during the 4th quarter. Strategic Advisors LLC now owns 3,276 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 218 shares during the period. Finally, Monument Capital Management lifted its holdings in shares of Travelers Companies by 17.3% during the 4th quarter. Monument Capital Management now owns 1,536 shares of the insurance provider’s stock worth $370,000 after acquiring an additional 226 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TRV. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Down 0.6 %

TRV stock opened at $239.90 on Friday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $54.39 billion, a P/E ratio of 11.17, a PEG ratio of 4.65 and a beta of 0.64. The firm has a 50 day simple moving average of $242.04 and a 200-day simple moving average of $241.74.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the company earned $7.01 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.33% of the stock is currently owned by corporate insiders.

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.