Asset Planning Inc Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Asset Planning Inc acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, HoldingsChannel reports. The fund acquired 181 shares of the insurance provider’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TRV. YANKCOM Partnership purchased a new position in shares of Travelers Companies in the fourth quarter valued at approximately $27,000. Wolff Wiese Magana LLC boosted its stake in shares of Travelers Companies by 39.1% in the third 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 during the period. True Wealth Design LLC purchased a new position in Travelers Companies in the third quarter worth approximately $41,000. Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc lifted its stake in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. UBS Group lifted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $260.47.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV opened at $238.25 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The stock has a market capitalization of $54.09 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.08 and a beta of 0.64. The company’s fifty day moving average is $243.21 and its two-hundred day moving average is $240.46. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $7.01 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 20.57 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.76%. Travelers Companies’s dividend payout ratio is currently 19.56%.

About Travelers Companies

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.