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

Smith Salley Wealth Management raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,254 shares of the insurance provider’s stock after buying an additional 95 shares during the quarter. Smith Salley Wealth Management’s holdings in Travelers Companies were worth $1,698,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TRV. Boston Trust Walden Corp raised its position in shares of Travelers Companies by 26.0% during the 3rd quarter. Boston Trust Walden Corp now owns 2,586 shares of the insurance provider’s stock valued at $605,000 after acquiring an additional 533 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of Travelers Companies by 5.3% during the third quarter. Forsta AP Fonden now owns 76,800 shares of the insurance provider’s stock worth $17,980,000 after purchasing an additional 3,900 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Travelers Companies by 3.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,751 shares of the insurance provider’s stock worth $7,497,000 after purchasing an additional 970 shares during the period. Allworth Financial LP lifted its position in shares of Travelers Companies by 17.3% in the 3rd quarter. Allworth Financial LP now owns 4,387 shares of the insurance provider’s stock worth $1,027,000 after buying an additional 648 shares during the last quarter. Finally, Highland Capital Management LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at about $214,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Vice Chairman William H. Heyman sold 2,014 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $65,099,840. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,479 shares of company stock worth $15,434,526 over the last 90 days. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Performance

TRV opened at $250.50 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market cap of $57.36 billion, a PE ratio of 18.61, a P/E/G ratio of 1.28 and a beta of 0.62. The business has a fifty day simple moving average of $236.19 and a 200-day simple moving average of $220.57. The Travelers Companies, Inc. has a fifty-two week low of $159.89 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $1.95 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 18.24 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRV shares. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Piper Sandler cut their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company upped their price objective on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada raised their target price on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets upped their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $247.90.

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.