Simplicity Wealth LLC Acquires New Stake in The Travelers Companies, Inc. (NYSE:TRV)

Simplicity Wealth LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,520 shares of the insurance provider's stock, valued at approximately $2,191,000.

A number of other large investors also recently bought and sold shares of the business. First Command Advisory Services Inc. purchased a new stake in shares of Travelers Companies during the 3rd quarter worth $26,000. Northwest Financial Advisors acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the first quarter valued at about $42,000. Tributary Capital Management LLC acquired a new stake in Travelers Companies during the first quarter worth about $45,000. Finally, AM Squared Ltd grew its holdings in Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider's stock worth $33,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

TRV stock traded down $4.11 during trading on Monday, hitting $215.60. The company had a trading volume of 883,699 shares, compared to its average volume of 1,419,018. The firm has a market cap of $49.37 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.14 and a beta of 0.60. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The firm has a 50-day moving average price of $220.29 and a 200-day moving average price of $204.72. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.62 billion. During the same period last year, the firm earned $4.11 EPS. Travelers Companies's revenue was up 15.7% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post 17.85 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies's dividend payout ratio is presently 29.72%.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares of the company's stock, valued at approximately $1,298,106. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares of the company's stock, valued at approximately $1,298,106. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRV. HSBC raised their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a "hold" rating in a report on Thursday, April 4th. Evercore ISI lowered their price target on Travelers Companies from $253.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, April 18th. JMP Securities reiterated a "market perform" rating on shares of Travelers Companies in a research report on Friday, April 19th. Citigroup increased their price target on Travelers Companies from $215.00 to $226.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Finally, Piper Sandler restated a "neutral" rating and issued a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $222.65.

Travelers Companies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.