Farther Finance Advisors LLC Acquires 189 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Farther Finance Advisors LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,510 shares of the insurance provider’s stock after acquiring an additional 189 shares during the period. Farther Finance Advisors LLC’s holdings in Travelers Companies were worth $588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth approximately $35,000. Beacon Capital Management LLC raised its position in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. Wolff Wiese Magana LLC raised its position in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its position in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 50 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler decreased 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. BMO Capital Markets lifted their target price on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Morgan Stanley decreased their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $247.90.

Travelers Companies Stock Up 0.9 %

Shares of TRV stock opened at $244.90 on Wednesday. The Travelers Companies, Inc. has a 1-year low of $167.08 and a 1-year high of $269.55. The stock’s fifty day moving average price is $240.02 and its 200 day moving average price is $222.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $55.60 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 1.71%. Travelers Companies’s payout ratio is presently 21.54%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,999 shares of company stock worth $16,580,166. 1.33% of the stock is currently owned by insiders.

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.