HB Wealth Management LLC Has $4.66 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• HB Wealth Management LLC increased its stake in The Travelers Companies by 29.8%, now holding 17,608 shares valued at approximately $4.66 million.
• The company reported a stronger-than-expected quarterly earnings of $6.51 EPS, significantly surpassing analyst estimates of $3.52, with revenue reaching $11.54 billion.
• Travelers Companies declared a quarterly dividend of $1.10, representing an annualized dividend of $4.40 and a yield of 1.69%.

HB Wealth Management LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 29.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,608 shares of the insurance provider's stock after buying an additional 4,045 shares during the period. HB Wealth Management LLC's holdings in Travelers Companies were worth $4,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC raised its stake in shares of Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies during the fourth quarter worth approximately $26,000. Putney Financial Group LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth approximately $26,000. Kapitalo Investimentos Ltda bought a new stake in Travelers Companies in the fourth quarter valued at approximately $30,000. Finally, Hughes Financial Services LLC bought a new stake in Travelers Companies in the first quarter valued at approximately $33,000. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI upped their target price 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. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 21st. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, Wells Fargo & Company upped their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average target price of $275.56.

Travelers Companies Stock Performance

NYSE TRV traded down $6.34 on Monday, hitting $254.71. 1,271,344 shares of the stock were exchanged, compared to its average volume of 1,286,104. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The business's fifty day moving average is $265.06 and its 200 day moving average is $257.36. The Travelers Companies, Inc. has a 52 week low of $206.43 and a 52 week high of $277.83. The company has a market capitalization of $57.34 billion, a PE ratio of 11.27, a P/E/G ratio of 3.09 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.51 earnings per share. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's payout ratio is presently 19.46%.

Insider Buying and Selling

In related news, insider Avrohom J. Kess sold 23,434 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the transaction, the insider directly owned 48,387 shares of the company's stock, valued at approximately $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president directly owned 118,116 shares in the company, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is currently owned by insiders.

About Travelers Companies

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.