Truist Financial Corp Raises Holdings in The Travelers Companies, Inc. $TRV

Truist Financial Corp lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,487 shares of the insurance provider’s stock after buying an additional 4,246 shares during the quarter. Truist Financial Corp owned 0.07% of Travelers Companies worth $41,460,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Associated Banc Corp increased its holdings in shares of Travelers Companies by 1.4% in the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after purchasing an additional 39 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in Travelers Companies by 1.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock worth $1,143,000 after buying an additional 40 shares during the period. Nilsine Partners LLC grew its position in Travelers Companies by 0.4% during the third quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock worth $2,719,000 after buying an additional 41 shares during the period. Valeo Financial Advisors LLC increased its holdings in Travelers Companies by 0.8% in the second quarter. Valeo Financial Advisors LLC now owns 5,109 shares of the insurance provider’s stock valued at $1,367,000 after buying an additional 41 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its position in shares of Travelers Companies by 4.9% during the 2nd quarter. SageView Advisory Group LLC now owns 950 shares of the insurance provider’s stock valued at $242,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $284.23 on Friday. The stock has a market capitalization of $63.40 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.62 and a beta of 0.52. The stock’s fifty day simple moving average is $284.88 and its 200-day simple moving average is $276.39. The Travelers Companies, Inc. has a 52-week low of $230.43 and a 52-week high of $296.85. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, beating the consensus estimate of $8.34 by $2.79. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.15 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

Travelers Companies declared that its Board of Directors has approved a share buyback plan on Wednesday, January 21st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

TRV has been the topic of a number of research reports. Piper Sandler upped their price target on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Evercore ISI raised their price target on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Barclays lowered their price objective on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday. Finally, Roth Mkm increased their price target on shares of Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $302.80.

Insider Activity at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 16,712 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the completion of the sale, the executive vice president directly owned 6,075 shares in the company, valued at $1,699,602.75. This represents a 73.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 1,803 shares of Travelers Companies stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $289.55, for a total value of $522,058.65. Following the completion of the transaction, the insider owned 255,086 shares in the company, valued at $73,860,151.30. The trade was a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,435 shares of company stock valued at $15,366,736 over the last quarter. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.