Good Life Advisors LLC Acquires New Position in The Travelers Companies, Inc. (NYSE:TRV)

Good Life Advisors LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,675 shares of the insurance provider’s stock, valued at approximately $392,000.

Other hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in Travelers Companies in the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC bought a new position in Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC boosted its stake in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC boosted its stake in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in Travelers Companies in the 1st quarter worth approximately $42,000. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. William Blair restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Citigroup increased their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Wells Fargo & Company increased their target price on Travelers Companies from $206.00 to $207.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Royal Bank of Canada increased their target price on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Piper Sandler lowered their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $235.42.

Travelers Companies Stock Performance

TRV stock opened at $265.45 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $231.88 and its two-hundred day simple moving average is $219.59. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $269.55. The firm has a market cap of $60.50 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter last year, the firm posted $1.95 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 17.09 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio is currently 26.55%.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.33% of the company’s stock.

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.