Catalytic Wealth RIA LLC Purchases New Position in The Travelers Companies, Inc. (NYSE:TRV)

Catalytic Wealth RIA LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,999 shares of the insurance provider’s stock, valued at approximately $702,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ledyard National Bank increased its holdings in shares of Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after buying an additional 39 shares during the last quarter. Trueblood Wealth Management LLC grew its holdings in Travelers Companies by 2.3% during the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after purchasing an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its holdings in Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after purchasing an additional 42 shares during the last quarter. Willner & Heller LLC grew its holdings in Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after purchasing an additional 45 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its holdings in Travelers Companies by 39.1% during 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 during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.6 %

NYSE TRV opened at $258.36 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market cap of $58.65 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The company has a 50 day moving average price of $241.70 and a 200 day moving average price of $222.90. The Travelers Companies, Inc. has a 52 week low of $167.08 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the business posted $1.95 EPS. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.63%. Travelers Companies’s payout ratio is 21.54%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TRV shares. Roth Mkm upped their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Piper Sandler lowered their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $247.90.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the sale, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were 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 approximately $4,302,736.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,999 shares of company stock worth $16,580,166. 1.33% of the stock is owned by corporate insiders.

Travelers Companies 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.