The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,995 shares of the insurance provider’s stock after acquiring an additional 336 shares during the period. Ritholtz Wealth Management’s holdings in Travelers Companies were worth $6,095,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new stake in Travelers Companies during the 2nd quarter valued at $26,000. First Command Advisory Services Inc. acquired a new stake in Travelers Companies during the 3rd quarter valued at $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies during the 3rd quarter valued at $27,000. FWL Investment Management LLC acquired a new stake in Travelers Companies during the 4th quarter valued at $28,000. Finally, Country Trust Bank grew its holdings in Travelers Companies by 548.1% during the 3rd quarter. Country Trust Bank now owns 175 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 148 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TRV. The Goldman Sachs Group raised their price objective on shares of Travelers Companies from $166.00 to $186.00 and gave the stock a “sell” rating in a report on Monday, January 22nd. TD Cowen assumed coverage on shares of Travelers Companies in a report on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 price target for the company. Raymond James lifted their price target on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $194.00 to $215.00 and gave the company a “market perform” rating in a report on Monday, January 22nd. Finally, Citigroup lifted their price target on shares of Travelers Companies from $185.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $201.38.

Travelers Companies Stock Up 0.6 %

TRV stock opened at $230.14 on Friday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $230.87. The company has a market capitalization of $52.73 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.19 and a beta of 0.58. The firm’s 50-day moving average is $217.79 and its two-hundred day moving average is $189.99. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, topping analysts’ consensus estimates of $5.10 by $1.91. The company had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. Travelers Companies’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.40 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post 17.67 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be paid a $1.00 dividend. The ex-dividend date is Thursday, March 7th. This represents a $4.00 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio is currently 31.27%.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Donnay Rowland sold 10,181 shares of Travelers Companies stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the completion of the transaction, the executive vice president now directly owns 7,865 shares in the company, valued at $1,683,110. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock valued at $23,343,903 in the last quarter. Insiders own 1.29% of the company’s stock.

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.