Legacy Capital Wealth Partners LLC Purchases New Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Legacy Capital Wealth Partners LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,809 shares of the insurance provider's stock, valued at approximately $892,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies during the second quarter valued at about $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC increased its stake in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock valued at $36,000 after acquiring an additional 66 shares during the period. 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. Finally, Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies in the third quarter worth approximately $50,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Up 1.8 %

Shares of TRV traded up $4.61 during mid-day trading on Friday, hitting $256.89. 1,333,510 shares of the company's stock were exchanged, compared to its average volume of 1,277,098. The stock has a market cap of $58.32 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $167.08 and a twelve month high of $269.55. The firm has a fifty day moving average of $241.70 and a two-hundred day moving average of $222.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (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 analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies's revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $1.95 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.63%. Travelers Companies's dividend payout ratio is 21.54%.

Insider Activity at Travelers Companies

In related news, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares of the company's stock, valued at $446,671.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares of the company's stock, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock worth $16,580,166 over the last three months. Company insiders own 1.33% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research analyst reports. Piper Sandler cut their price objective on Travelers Companies from $213.00 to $207.00 and set a "neutral" rating for the company in a report on Monday, July 22nd. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Barclays boosted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. UBS Group raised their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Finally, Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $247.90.

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.