HB Wealth Management LLC Purchases 1,801 Shares of The Travelers Companies, Inc. $TRV

HB Wealth Management LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,937 shares of the insurance provider’s stock after purchasing an additional 1,801 shares during the period. HB Wealth Management LLC’s holdings in Travelers Companies were worth $6,107,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Travelers Companies during the 4th quarter valued at about $723,339,000. State Street Corp raised its holdings in shares of Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after buying an additional 486,861 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in Travelers Companies by 102.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after buying an additional 458,746 shares during the last quarter. Woodline Partners LP bought a new stake in Travelers Companies in the 3rd quarter worth approximately $99,680,000. Finally, AQR Capital Management LLC boosted its stake in Travelers Companies by 22.8% in the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after buying an additional 331,170 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.2%

Shares of TRV stock opened at $341.65 on Friday. The business has a 50-day moving average of $306.77 and a 200 day moving average of $298.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $342.31. The stock has a market capitalization of $72.65 billion, a PE ratio of 10.17, a P/E/G ratio of 3.09 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $11.11 billion. During the same period in the previous year, the firm earned $1.91 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th were issued a $1.25 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRV. Piper Sandler increased their price target on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Barclays cut shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $331.00 to $295.00 in a research note on Friday, June 12th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Finally, Bank of America decreased their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $309.07.

Insider Buying and Selling

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares in the company, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,573 shares of company stock valued at $11,504,146 over the last quarter. Company insiders own 1.39% of the company’s stock.

About Travelers Companies

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.