Financial Life Planners Makes New $82,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

Financial Life Planners bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 337 shares of the insurance provider’s stock, valued at approximately $82,000.

A number of other institutional investors also recently bought and sold shares of TRV. Catalina Capital Group LLC boosted its holdings in Travelers Companies by 6.1% in the fourth quarter. Catalina Capital Group LLC now owns 1,686 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 97 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in Travelers Companies by 2.5% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 4,259 shares of the insurance provider’s stock valued at $1,026,000 after acquiring an additional 105 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Travelers Companies by 6.0% in the 4th quarter. CENTRAL TRUST Co now owns 3,847 shares of the insurance provider’s stock valued at $927,000 after acquiring an additional 219 shares during the period. Greenleaf Trust increased its stake in Travelers Companies by 1.8% during the fourth quarter. Greenleaf Trust now owns 10,497 shares of the insurance provider’s stock worth $2,529,000 after purchasing an additional 183 shares during the period. Finally, Golden State Equity Partners raised its position in Travelers Companies by 154.7% in the 4th quarter. Golden State Equity Partners now owns 1,648 shares of the insurance provider’s stock valued at $397,000 after purchasing an additional 1,001 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRV. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Jefferies Financial Group upped their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays increased their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Stock Performance

Shares of TRV stock opened at $245.31 on Monday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The company’s fifty day moving average price is $246.75 and its two-hundred day moving average price is $238.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The firm has a market capitalization of $55.69 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.07 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the business posted $7.01 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, research analysts anticipate that The Travelers Companies, Inc. will post 20.6 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 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.