The Travelers Companies, Inc. $TRV Shares Newly Purchased by Leo Wealth LLC

Leo Wealth LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,163 shares of the insurance provider’s stock, valued at approximately $771,000.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Travelers Companies during the second quarter valued at approximately $6,915,909,000. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after acquiring an additional 123,564 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $932,142,000. GQG Partners LLC purchased a new stake in shares of Travelers Companies in the 2nd quarter worth $789,024,000. Finally, First Trust Advisors LP raised its holdings in Travelers Companies by 7.2% in the 1st quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock worth $497,431,000 after purchasing an additional 115,276 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $352.00 to $379.00 and gave the company a “neutral” rating in a research report on Tuesday, October 20th. Barclays upped their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research note on Friday, October 16th. HSBC boosted their price objective on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Finally, UBS Group reissued a “neutral” rating on shares of Travelers Companies in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $366.37.

Travelers Companies Stock Up 0.5%

TRV opened at $400.08 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $264.25 and a fifty-two week high of $407.86. The firm’s fifty day moving average is $371.42 and its 200 day moving average is $326.68. The stock has a market cap of $82.00 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 2.78 and a beta of 0.43.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, topping the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter in the prior year, the firm posted $8.14 EPS. Travelers Companies’s quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 35.96 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. Travelers Companies’s dividend payout ratio is 13.11%.

Insider Transactions at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 9,016 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total transaction of $3,656,619.12. Following the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $2,463,837.75. This trade represents a 59.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory C. Toczydlowski sold 34,771 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $403.89, for a total value of $14,043,659.19. Following the completion of the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $7,438,038.24. This represents a 65.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 166,287 shares of company stock valued at $66,182,760. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.