Aptus Capital Advisors LLC Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Aptus Capital Advisors LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,188 shares of the insurance provider’s stock after purchasing an additional 298 shares during the period. Aptus Capital Advisors LLC’s holdings in Travelers Companies were worth $980,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Travelers Companies by 356.4% during the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after purchasing an additional 678,241 shares during the period. International Assets Investment Management LLC increased its position in shares of Travelers Companies by 23,378.8% during the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after purchasing an additional 518,075 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Travelers Companies in the 1st quarter valued at about $88,190,000. Finally, Renaissance Technologies LLC lifted its position in Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after buying an additional 230,612 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TRV. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler decreased their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Bank of America lifted their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group increased their target price on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley dropped 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. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $247.90.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’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 transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock valued at $16,580,166 in the last ninety days. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $256.52 on Friday. The Travelers Companies, Inc. has a 12 month low of $167.08 and a 12 month high of $269.55. 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 firm has a market capitalization of $58.23 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The business’s fifty day moving average price is $243.42 and its 200 day moving average price is $223.76.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.95 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

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.