Blue Trust Inc. Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Blue Trust Inc. lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 40.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,088 shares of the insurance provider's stock after acquiring an additional 2,042 shares during the quarter. Blue Trust Inc.'s holdings in Travelers Companies were worth $1,660,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TRV. Ledyard National Bank grew its holdings in shares of Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock worth $484,000 after purchasing an additional 39 shares in the last quarter. Trueblood Wealth Management LLC grew its stake in Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock worth $423,000 after buying an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. increased its holdings in Travelers Companies by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider's stock valued at $351,000 after buying an additional 42 shares during the period. Salem Investment Counselors Inc. lifted its holdings in shares of Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock worth $218,000 after acquiring an additional 44 shares during the period. Finally, Willner & Heller LLC boosted its position in shares of Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity

In other Travelers Companies news, 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 value of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business'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 completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % 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 corporate insiders.

Travelers Companies Stock Down 0.9 %

TRV traded down $2.36 during midday trading on Tuesday, hitting $248.65. The company had a trading volume of 1,217,571 shares, compared to its average volume of 1,521,210. The stock's 50 day moving average price is $247.69 and its 200 day moving average price is $237.81. The company has a market capitalization of $56.45 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.09 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $7.01 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.69%. Travelers Companies's payout ratio is 19.56%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRV. UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Jefferies Financial Group upped their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $259.00 to $310.00 in a research report on Friday. Four equities research 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.