Earned Wealth Advisors LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Earned Wealth Advisors LLC acquired a new stake in The Travelers Companies, purchasing 1,318 shares worth approximately $349,000 in the first quarter.
• A significant portion of Travelers Companies stock, approximately 82.45%, is owned by institutional investors and hedge funds, indicating strong institutional interest.
• The Travelers Companies has increased its quarterly dividend to $1.10, with a yield of 1.7%, reflecting the company's commitment to returning value to shareholders.

Earned Wealth Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,318 shares of the insurance provider's stock, valued at approximately $349,000.

Several other large investors also recently modified their holdings of the company. Raiffeisen Bank International AG boosted its stake in Travelers Companies by 10.5% during the first quarter. Raiffeisen Bank International AG now owns 37,173 shares of the insurance provider's stock worth $9,732,000 after acquiring an additional 3,527 shares in the last quarter. Argent Trust Co boosted its stake in Travelers Companies by 2.8% during the first quarter. Argent Trust Co now owns 16,546 shares of the insurance provider's stock worth $4,376,000 after acquiring an additional 458 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Travelers Companies by 5.4% during the first quarter. Manchester Capital Management LLC now owns 1,544 shares of the insurance provider's stock worth $408,000 after acquiring an additional 79 shares in the last quarter. Baker Avenue Asset Management LP boosted its stake in Travelers Companies by 0.3% during the first quarter. Baker Avenue Asset Management LP now owns 14,182 shares of the insurance provider's stock worth $3,751,000 after acquiring an additional 45 shares in the last quarter. Finally, Blueshift Asset Management LLC boosted its stake in Travelers Companies by 13.3% during the first quarter. Blueshift Asset Management LLC now owns 2,015 shares of the insurance provider's stock worth $533,000 after acquiring an additional 236 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE TRV traded up $2.20 during trading hours on Tuesday, reaching $265.20. 1,186,666 shares of the company were exchanged, compared to its average volume of 1,362,853. The Travelers Companies, Inc. has a 1 year low of $207.32 and a 1 year high of $277.83. The business's 50 day simple moving average is $263.90 and its 200-day simple moving average is $258.11. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $59.70 billion, a P/E ratio of 11.73, a P/E/G ratio of 3.05 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.51 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 15,180 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $272.87, for a total value of $4,142,166.60. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,657,685.25. This trade represents a 71.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the transaction, the chief financial officer owned 26,932 shares of the company's stock, valued at $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TRV. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Evercore ISI raised their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Finally, Wells Fargo & Company raised their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $279.82.

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.