2,966 Shares of The Travelers Companies, Inc. $TRV Bought by Grant Private Wealth Management Inc

Key Points

• Grant Private Wealth Management bought 2,966 Travelers shares worth approximately $1.06 million, while institutional investors collectively own 82.45% of the company.
• Travelers reported quarterly EPS of $9.18 and revenue of $12.41 billion, surpassing analyst estimates of $7.39 EPS and $11.36 billion in revenue. Profitability was supported by record investment income and an improved 86.8% combined ratio, though catastrophe losses increased year over year.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.3% yield. Despite the earnings beat, analysts maintain a consensus “Hold” rating with an average price target of $357.26, below the stock’s $388.66 price.

Grant Private Wealth Management Inc bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,966 shares of the insurance provider's stock, valued at approximately $1,057,000.

Several other large investors have also recently bought and sold shares of TRV. V Square Quantitative Management LLC lifted its stake in shares of Travelers Companies by 2.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 5,719 shares of the insurance provider's stock worth $2,039,000 after acquiring an additional 113 shares during the period. Wealth Enhancement Trust Services Inc. boosted its holdings in shares of Travelers Companies by 286.8% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 1,899 shares of the insurance provider's stock valued at $677,000 after acquiring an additional 1,408 shares in the last quarter. Bank of New Hampshire increased its stake in shares of Travelers Companies by 1.5% during the third quarter. Bank of New Hampshire now owns 5,871 shares of the insurance provider's stock valued at $2,093,000 after acquiring an additional 88 shares during the period. QRG Capital Management Inc. raised its holdings in Travelers Companies by 39.4% during the second quarter. QRG Capital Management Inc. now owns 89,892 shares of the insurance provider's stock worth $29,675,000 after purchasing an additional 25,395 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Travelers Companies by 14.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,709 shares of the insurance provider's stock worth $2,545,000 after purchasing an additional 977 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Down 0.2%

Shares of NYSE:TRV opened at $388.66 on Monday. The stock has a market capitalization of $81.06 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 3.01 and a beta of 0.43. The Travelers Companies, Inc. has a 1-year low of $261.87 and a 1-year high of $398.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50 day moving average price of $368.98 and a 200 day moving average price of $337.82.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. The firm had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.14 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 34.25 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Travelers Companies's dividend payout ratio (DPR) is currently 13.11%.

Insiders Place Their Bets

In other news, EVP Michael Klein sold 6,000 shares of the company's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company's stock, valued at $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Daniel Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer owned 27,535 shares of the company's stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 58,667 shares of company stock worth $21,830,989. Corporate insiders own 1.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Travelers Companies from $314.00 to $350.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $348.00 to $352.00 and gave the stock a "neutral" rating in a research note on Friday, October 9th. Wells Fargo & Company reissued a "cautious" rating on shares of Travelers Companies in a research note on Monday, October 12th. Barclays upped their price objective on Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a report on Tuesday, July 21st. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of Travelers Companies in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $357.26.

Key Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Travelers reported third-quarter core earnings of $9.18 per diluted share, well above the $7.39 analyst consensus, while revenue of $12.41 billion also exceeded expectations. Core income rose 4% year over year to $1.947 billion. Travelers Companies Stock Is Gaining Friday: What's Going On?
• Positive Sentiment: Record pre-tax net investment income of $1.098 billion, favorable prior-year reserve development and an improved consolidated combined ratio of 86.8% supported profitability. Travelers also repurchased $1.508 billion of stock and returned $1.769 billion to shareholders during the quarter. TRV Q3 Earnings Beat on Reserve Gains and Investment Income
• Positive Sentiment: Truist Securities raised its price target to $435 from $425 and maintained a Buy rating, signaling continued analyst confidence following the earnings beat. Truist Raises Price Target on Travelers
• Neutral Sentiment: Travelers increased its cyber quota-share cession at the October renewal, transferring more cyber exposure to reinsurers. This may reduce volatility but could also limit underwriting revenue and earnings upside. Travelers Increases Cyber Quota Share Cession
• Negative Sentiment: Catastrophe losses increased to approximately $538 million from $402 million a year earlier, raising concerns about claims inflation and the sustainability of Travelers’ underwriting gains. Analysts also cautioned that earnings could be peaking after the sizable beat. Travelers Stock Falls as Earnings Top Estimates

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

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