The Travelers Companies, Inc. $TRV Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 90.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 327,681 shares of the insurance provider’s stock after buying an additional 155,822 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Travelers Companies were worth $109,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arbejdsmarkedets Tillaegspension acquired a new position in Travelers Companies in the 4th quarter worth about $24,167,000. Rit Capital Partners PLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $39,450,000. UBS Group AG increased its position in shares of Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after buying an additional 89,159 shares in the last quarter. Swiss Life Asset Management Ltd increased its position in shares of Travelers Companies by 41.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after buying an additional 19,347 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Travelers Companies during the 1st quarter worth approximately $576,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the transaction, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 62,667 shares of company stock valued at $22,688,329 in the last quarter. Insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRV. Cantor Fitzgerald raised their target price on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Piper Sandler raised their price objective on Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Finally, TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a report on Monday, July 13th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Performance

NYSE TRV opened at $369.94 on Thursday. The stock’s fifty day moving average is $343.11 and its two-hundred day moving average is $314.21. The firm has a market capitalization of $77.16 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 3.57 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the company earned $6.51 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Travelers Companies Company 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.