Bogart Wealth LLC Has $55,000 Stock Position in The Travelers Companies, Inc. $TRV

Bogart Wealth LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 229.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 204 shares of the insurance provider’s stock after acquiring an additional 142 shares during the quarter. Bogart Wealth LLC’s holdings in Travelers Companies were worth $55,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Princeton Global Asset Management LLC increased its holdings in shares of Travelers Companies by 37.6% during the 2nd quarter. Princeton Global Asset Management LLC now owns 278 shares of the insurance provider’s stock valued at $74,000 after acquiring an additional 76 shares during the last quarter. Crewe Advisors LLC boosted its position in Travelers Companies by 17.0% during the second quarter. Crewe Advisors LLC now owns 310 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 45 shares during the period. Lyell Wealth Management LP acquired a new position in Travelers Companies during the second quarter valued at approximately $309,000. Unison Advisors LLC raised its position in shares of Travelers Companies by 0.4% in the second quarter. Unison Advisors LLC now owns 15,441 shares of the insurance provider’s stock valued at $4,131,000 after purchasing an additional 68 shares during the period. Finally, Balboa Wealth Partners acquired a new stake in shares of Travelers Companies in the second quarter worth $430,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Stock Up 1.6%

Shares of TRV opened at $269.43 on Wednesday. The company has a 50-day simple moving average of $274.06 and a 200-day simple moving average of $266.51. The firm has a market capitalization of $60.10 billion, a P/E ratio of 10.59, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same period last year, the business earned $5.24 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research analyst reports. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research report on Friday. UBS Group lifted their price objective on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Piper Sandler boosted their price objective on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $291.31.

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.