The Travelers Companies, Inc. $TRV Stock Acquired by Vest Financial LLC

Vest Financial LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,507 shares of the insurance provider’s stock after acquiring an additional 15,250 shares during the period. Travelers Companies makes up about 0.9% of Vest Financial LLC’s investment portfolio, making the stock its 22nd largest position. Vest Financial LLC owned approximately 0.11% of Travelers Companies worth $82,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Travelers Companies in the 2nd quarter worth approximately $6,915,909,000. Bank of America Corp DE acquired a new stake in Travelers Companies during the second quarter valued at approximately $932,142,000. GQG Partners LLC acquired a new stake in Travelers Companies during the second quarter valued at approximately $789,024,000. Legal & General Group Plc acquired a new stake in Travelers Companies during the second quarter valued at approximately $558,164,000. Finally, Bank of New York Mellon Corp bought a new stake in Travelers Companies during the second quarter worth approximately $469,505,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other news, EVP Daniel Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,317 shares of company stock valued at $6,597,631 in the last three months. 1.39% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on TRV shares. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $372.00 to $382.00 and gave the stock a “market perform” rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on Travelers Companies from $341.00 to $377.00 and gave the company an “equal weight” rating in a research report on Monday. Barclays increased their price objective on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Bank of America raised their price objective on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Finally, The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price on the stock. in a report on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $364.32.

Travelers Companies Stock Performance

Shares of TRV opened at $398.83 on Thursday. The company has a 50-day moving average of $370.12 and a two-hundred day moving average of $339.95. The stock has a market cap of $81.74 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.80 and a beta of 0.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $264.25 and a one year high of $399.71.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. The business had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.14 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 35.47 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies’s payout ratio is 13.11%.

Trending Headlines about Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, adding to the positive analyst sentiment following the company’s earnings performance. Wells Fargo Travelers stock outlook
• Positive Sentiment: Truist Financial raised its price target for Travelers, signaling improved expectations for the insurer’s valuation. Truist raises Travelers price target
• Positive Sentiment: Travelers reported third-quarter earnings of $9.18 per share, well above the $7.39 consensus estimate, while revenue also exceeded expectations. The earnings beat supports the recent strength in TRV shares.
• Positive Sentiment: Analysts’ overall fair-value estimates moved modestly higher after the third-quarter results, reflecting better operating expectations for the insurer. Travelers fair value lift

Travelers Companies Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.