Sax Wealth Advisors LLC Acquires New Position in The Travelers Companies, Inc. (NYSE:TRV)

Sax Wealth Advisors LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,989 shares of the insurance provider's stock, valued at approximately $479,000.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after purchasing an additional 38,515 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Travelers Companies in the second quarter valued at approximately $9,798,000. Orion Portfolio Solutions LLC grew its holdings in shares of Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock valued at $4,248,000 after purchasing an additional 4,665 shares in the last quarter. Czech National Bank increased its stake in Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock worth $11,857,000 after buying an additional 2,792 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $50,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV traded down $2.72 during midday trading on Friday, reaching $239.65. 1,346,193 shares of the stock were exchanged, compared to its average volume of 993,809. The company has a market capitalization of $54.41 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.01 and a beta of 0.65. 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 Travelers Companies, Inc. has a twelve month low of $195.57 and a twelve month high of $269.55. The business's 50-day moving average price is $249.57 and its 200 day moving average price is $235.96.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 18.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on TRV. Royal Bank of Canada boosted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Wells Fargo & Company lowered their target price on Travelers Companies from $217.00 to $213.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Piper Sandler cut their price target on Travelers Companies from $280.00 to $259.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $254.65.

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.