Elevate Capital Advisors LLC Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Elevate Capital Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 19,209 shares of the insurance provider's stock, valued at approximately $4,627,000. Travelers Companies accounts for about 4.1% of Elevate Capital Advisors LLC's holdings, making the stock its 4th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in TRV. YANKCOM Partnership acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $27,000. Wolff Wiese Magana LLC raised its holdings in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC bought a new stake in Travelers Companies during the third quarter worth approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc raised its holdings in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock worth $61,000 after purchasing an additional 215 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, Vice Chairman William H. Heyman sold 3,740 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maria Olivo sold 10,410 shares of the company's 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 completion of the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % 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 company insiders.

Travelers Companies Stock Up 1.1 %

Shares of TRV traded up $2.56 during mid-day trading on Thursday, reaching $243.22. The company's stock had a trading volume of 911,275 shares, compared to its average volume of 1,361,954. The business has a fifty day moving average of $243.62 and a 200 day moving average of $240.44. The company has a market cap of $55.22 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last released 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. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.01 earnings per share. As a group, analysts forecast that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

Analyst Ratings Changes

TRV has been the topic of several recent analyst reports. Hsbc Global Res raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Janney Montgomery Scott cut Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. HSBC raised Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $260.47.

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.