The Travelers Companies, Inc. $TRV Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 67.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,417 shares of the insurance provider’s stock after selling 17,480 shares during the quarter. SteelPeak Wealth LLC’s holdings in Travelers Companies were worth $2,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Associated Banc Corp grew its position in shares of Travelers Companies by 1.4% during the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after acquiring an additional 39 shares during the period. Park National Corp OH raised its holdings in Travelers Companies by 1.6% in the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after purchasing an additional 40 shares during the period. ORG Partners LLC raised its holdings in Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 41 shares during the period. Park Place Capital Corp boosted its position in Travelers Companies by 33.1% during the second quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 41 shares in the last quarter. Finally, Nilsine Partners LLC boosted its position in Travelers Companies by 0.4% during the third quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock worth $2,719,000 after purchasing an additional 41 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 8,920 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the sale, the executive vice president owned 117,596 shares in the company, valued at approximately $34,776,665.08. This represents a 7.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 1,803 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total transaction of $522,058.65. Following the completion of the transaction, the insider directly owned 255,086 shares in the company, valued at $73,860,151.30. This trade represents a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 46,295 shares of company stock worth $13,011,918 in the last 90 days. 1.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on TRV. Mizuho started coverage on Travelers Companies in a research report on Monday, December 15th. They issued a “neutral” rating and a $317.00 price objective for the company. Piper Sandler lifted their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Travelers Companies in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $294.25.

Travelers Companies Stock Down 1.6%

Shares of TRV opened at $285.31 on Friday. The stock has a 50 day moving average price of $285.14 and a 200 day moving average price of $274.29. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $296.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 2.67 and a beta of 0.53.

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

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is presently 17.30%.

Travelers Companies Profile

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.