Addison Advisors LLC Grows Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Addison Advisors LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 51.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 331 shares of the insurance provider’s stock after purchasing an additional 113 shares during the period. Addison Advisors LLC’s holdings in Travelers Companies were worth $63,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Command Advisory Services Inc. acquired a new position in shares of Travelers Companies during the third quarter worth $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies in the third quarter valued at $27,000. AM Squared Ltd raised its holdings in Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in Travelers Companies in the fourth quarter valued at $40,000. Finally, OLD Second National Bank of Aurora acquired a new stake in Travelers Companies in the fourth quarter valued at $41,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $0.54 during trading on Friday, hitting $213.45. 1,706,046 shares of the stock were exchanged, compared to its average volume of 1,389,936. The stock’s fifty day moving average is $221.50 and its 200 day moving average is $198.66. The stock has a market cap of $48.88 billion, a PE ratio of 15.86, a P/E/G ratio of 1.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.11 EPS. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.74 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TRV shares. Morgan Stanley upped their price target 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. Royal Bank of Canada cut their price target on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Piper Sandler reissued a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. Keefe, Bruyette & Woods dropped their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Finally, Raymond James increased their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $223.47.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,734 shares of company stock worth $17,208,404. Corporate insiders own 1.33% of the company’s stock.

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.