HTLF Bank Purchases Shares of 2,543 The Travelers Companies, Inc. (NYSE:TRV)

HTLF Bank acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,543 shares of the insurance provider’s stock, valued at approximately $484,000.

Several other institutional investors have also modified their holdings of the stock. Grimes & Company Inc. boosted its stake in Travelers Companies by 2.2% in the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after acquiring an additional 53 shares in the last quarter. Slow Capital Inc. boosted its holdings in shares of Travelers Companies by 0.3% in the fourth quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider’s stock valued at $3,451,000 after acquiring an additional 53 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Travelers Companies by 1.9% during the first quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock worth $562,000 after acquiring an additional 58 shares during the last quarter. Schmidt P J Investment Management Inc. raised its holdings in shares of Travelers Companies by 4.0% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider’s stock valued at $339,000 after buying an additional 61 shares during the last quarter. Finally, Farmers Trust Co. boosted its stake in shares of Travelers Companies by 4.5% during the fourth quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock worth $290,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $213.99 on Friday. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The stock has a market cap of $49.00 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.58. The business’s fifty day moving average price is $221.79 and its two-hundred day moving average price is $196.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.11 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post 17.66 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s payout ratio is presently 29.72%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the company’s 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 directly owns 719 shares in the company, valued at $153,046.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Paul E. Munson sold 2,121 shares of the business’s 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 in the company, valued at approximately $153,046.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. In the last three months, insiders sold 109,775 shares of company stock worth $23,343,903. Insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TRV. TD Cowen started coverage on Travelers Companies in a research note on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price objective for the company. Piper Sandler reiterated a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. Jefferies Financial Group cut their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday. Morgan Stanley lifted their target price on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a report on Friday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $220.78.

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.