2,235 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,235 shares of the insurance provider’s stock, valued at approximately $538,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. AE Wealth Management LLC raised its holdings in Travelers Companies by 51.1% during the 2nd quarter. AE Wealth Management LLC now owns 1,994 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 674 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Travelers Companies by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock worth $3,182,000 after buying an additional 4,466 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Travelers Companies by 11.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,452 shares of the insurance provider’s stock valued at $2,735,000 after buying an additional 1,342 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Travelers Companies by 15.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the insurance provider’s stock worth $143,000 after buying an additional 87 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Travelers Companies by 7.6% in the second quarter. Evergreen Capital Management LLC now owns 2,080 shares of the insurance provider’s stock worth $423,000 after buying an additional 147 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,670 shares of company stock worth $4,861,329. Corporate insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TRV. Barclays lowered their price objective on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday, January 6th. UBS Group boosted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America raised their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Finally, HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $258.21.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $241.75 on Friday. The stock has a market cap of $54.88 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.09 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The stock’s fifty day moving average is $248.61 and its 200 day moving average is $236.77. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10,795,375 billion. During the same quarter in the previous year, the business posted $7.01 earnings per share. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend yield of 1.74%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

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.