Telos Capital Management Inc. Purchases 725 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Telos Capital Management Inc. boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,167 shares of the insurance provider’s stock after acquiring an additional 725 shares during the period. Travelers Companies accounts for about 1.2% of Telos Capital Management Inc.’s holdings, making the stock its 23rd biggest position. Telos Capital Management Inc.’s holdings in Travelers Companies were worth $10,128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. increased its position in shares of Travelers Companies by 1.5% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock valued at $18,217,000 after acquiring an additional 1,600 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Travelers Companies by 124.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after acquiring an additional 7,649 shares during the last quarter. Worth Asset Management LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $2,201,000. Nordea Investment Management AB increased its position in shares of Travelers Companies by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after acquiring an additional 16,580 shares during the last quarter. Finally, DNB Asset Management AS increased its position in shares of Travelers Companies by 53.5% during the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after acquiring an additional 24,230 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE TRV traded down $16.80 during mid-day trading on Wednesday, hitting $206.32. The company had a trading volume of 3,543,528 shares, compared to its average volume of 1,462,816. The company has a market capitalization of $47.27 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 1.16 and a beta of 0.58. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $222.02 and its 200-day moving average price is $196.10.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $1.91. The company had revenue of $10.93 billion during the quarter, compared to analyst estimates of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company earned $3.40 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.62 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, March 7th. Travelers Companies’s dividend payout ratio is 31.27%.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now owns 719 shares of the company’s stock, valued at $153,046.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,775 shares of company stock valued at $23,343,903. Company insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research analyst reports. Citigroup increased their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday. Piper Sandler reaffirmed a “neutral” rating and set a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. Morgan Stanley increased their price target on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday. Raymond James increased their price target on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Finally, The Goldman Sachs Group raised their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $217.00.

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.