B. Riley Wealth Advisors Inc. Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

B. Riley Wealth Advisors Inc. grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 265.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,695 shares of the insurance provider’s stock after buying an additional 7,043 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Travelers Companies were worth $2,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealth Quarterback LLC increased its position in shares of Travelers Companies by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after acquiring an additional 49 shares during the last quarter. Kapitalo Investimentos Ltda grew its holdings in shares of Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 49 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 50 shares in the last quarter. Norwood Financial Corp lifted its stake in Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after acquiring an additional 50 shares during the last quarter. Finally, Grimes & Company Inc. lifted its stake in Travelers Companies by 2.2% in the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after acquiring an additional 53 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

TRV traded down $3.98 on Wednesday, hitting $216.44. 1,416,264 shares of the company’s stock were exchanged, compared to its average volume of 1,373,856. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $209.73 and a two-hundred day moving average of $214.86. The firm has a market cap of $49.33 billion, a PE ratio of 16.39, a P/E/G ratio of 1.11 and a beta of 0.61. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.23 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.94%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TRV. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Keefe, Bruyette & Woods dropped their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Morgan Stanley dropped their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $221.11.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies 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 sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.33% of the company’s stock.

Travelers Companies 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.