Strategic Family Wealth Counselors L.L.C. Makes New $562,000 Investment in The Travelers Companies, Inc. $TRV

Strategic Family Wealth Counselors L.L.C. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,083 shares of the insurance provider’s stock, valued at approximately $562,000.

A number of other large investors also recently bought and sold shares of the company. Biltmore Family Office LLC lifted its holdings in Travelers Companies by 10.6% during the 4th quarter. Biltmore Family Office LLC now owns 2,802 shares of the insurance provider’s stock worth $813,000 after buying an additional 268 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Travelers Companies by 9.6% during the 4th quarter. Pacer Advisors Inc. now owns 25,407 shares of the insurance provider’s stock worth $7,370,000 after buying an additional 2,222 shares during the last quarter. World Investment Advisors lifted its holdings in Travelers Companies by 65.8% during the 4th quarter. World Investment Advisors now owns 4,588 shares of the insurance provider’s stock worth $1,331,000 after buying an additional 1,820 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Travelers Companies by 152.9% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 68,800 shares of the insurance provider’s stock worth $19,956,000 after buying an additional 41,600 shares during the last quarter. Finally, Valley Wealth Managers Inc. lifted its holdings in Travelers Companies by 0.8% during the 4th quarter. Valley Wealth Managers Inc. now owns 16,817 shares of the insurance provider’s stock worth $4,878,000 after buying an additional 128 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,573 shares of company stock worth $8,427,646 over the last quarter. Insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. BMO Capital Markets raised their price target on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. Argus raised Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Finally, Bank of America cut their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $309.13.

Travelers Companies Trading Down 1.2%

Shares of NYSE TRV opened at $294.75 on Thursday. The company has a market cap of $62.68 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.50. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $313.12. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $299.64 and its 200 day simple moving average is $291.31.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter last year, the business posted $1.91 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

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

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a $1.25 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.7%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is 13.09%.

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.