Talbot Financial LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Talbot Financial LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 65,056 shares of the insurance provider’s stock, valued at approximately $15,231,000. Travelers Companies accounts for about 1.9% of Talbot Financial LLC’s portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the second quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at $35,000. Beacon Capital Management LLC boosted its holdings in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies during the first quarter valued at $42,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies in the first quarter worth about $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Piper Sandler cut their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Bank of America increased their price objective on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Finally, Morgan Stanley decreased their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $227.05.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 1.9 %

NYSE TRV opened at $230.34 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The stock has a market capitalization of $52.75 billion, a P/E ratio of 17.11, a PEG ratio of 1.23 and a beta of 0.62. The firm’s 50-day moving average is $226.44 and its two-hundred day moving average is $218.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. Travelers Companies’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.16 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Travelers Companies Company 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.