Strategic Planning Group LLC Acquires 5,290 Shares of The Travelers Companies, Inc. $TRV

Strategic Planning Group LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 26.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,990 shares of the insurance provider’s stock after buying an additional 5,290 shares during the period. Strategic Planning Group LLC’s holdings in Travelers Companies were worth $6,978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRV. Citizens National Bank Trust Department lifted its holdings in Travelers Companies by 21.6% during the 3rd quarter. Citizens National Bank Trust Department now owns 1,034 shares of the insurance provider’s stock valued at $289,000 after purchasing an additional 184 shares during the last quarter. United Asset Strategies Inc. bought a new position in shares of Travelers Companies in the third quarter valued at about $259,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Travelers Companies by 9.9% during the 3rd quarter. HB Wealth Management LLC now owns 18,611 shares of the insurance provider’s stock worth $5,197,000 after buying an additional 1,684 shares during the period. Finally, Caldwell Trust Co grew its stake in Travelers Companies by 12.8% in the 3rd quarter. Caldwell Trust Co now owns 1,316 shares of the insurance provider’s stock valued at $367,000 after buying an additional 149 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,803 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $289.55, for a total transaction of $522,058.65. Following the sale, the insider owned 255,086 shares of the company’s stock, valued at approximately $73,860,151.30. The trade was a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 46,295 shares of company stock valued at $13,011,918. Company insiders own 1.46% of the company’s stock.

Travelers Companies Stock Down 0.7%

NYSE TRV opened at $283.20 on Thursday. The business has a fifty day moving average price of $286.14 and a two-hundred day moving average price of $274.79. The stock has a market capitalization of $63.17 billion, a PE ratio of 11.14, a PEG ratio of 2.73 and a beta of 0.52. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $296.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.24 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. The Goldman Sachs Group cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price target for the company. in a report on Wednesday. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Wolfe Research initiated coverage on Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, UBS Group upped their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $298.44.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.