Vise Technologies Inc. Boosts Stock Holdings in The Travelers Companies, Inc. $TRV

Vise Technologies Inc. grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 93.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,782 shares of the insurance provider’s stock after buying an additional 6,180 shares during the period. Vise Technologies Inc.’s holdings in Travelers Companies were worth $3,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of Travelers Companies by 0.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 123,340 shares of the insurance provider’s stock valued at $35,776,000 after acquiring an additional 1,156 shares during the last quarter. Cibc World Market Inc. increased its stake in shares of Travelers Companies by 127.2% during the fourth quarter. Cibc World Market Inc. now owns 5,417 shares of the insurance provider’s stock worth $1,571,000 after buying an additional 3,033 shares during the period. Sivia Capital Partners LLC increased its stake in Travelers Companies by 9.8% in the fourth quarter. Sivia Capital Partners LLC now owns 1,921 shares of the insurance provider’s stock valued at $557,000 after purchasing an additional 171 shares during the last quarter. Lido Advisors LLC increased its stake in Travelers Companies by 7.8% in the fourth quarter. Lido Advisors LLC now owns 15,840 shares of the insurance provider’s stock valued at $4,498,000 after purchasing an additional 1,145 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Travelers Companies by 31.0% in the fourth quarter. CIBC Asset Management Inc now owns 90,747 shares of the insurance provider’s stock valued at $26,322,000 after purchasing an additional 21,466 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider directly owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Bank of America decreased their price objective on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Piper Sandler increased their price objective on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, BMO Capital Markets increased their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $311.47.

Travelers Companies Price Performance

Travelers Companies stock opened at $303.13 on Friday. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $299.04 and its 200 day simple moving average is $294.00. The firm has a market capitalization of $64.46 billion, a PE ratio of 9.02, a P/E/G ratio of 2.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period in the previous year, the firm earned $1.91 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a $1.25 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is presently 13.09%.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.