Aviance Capital Partners LLC Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Aviance Capital Partners LLC lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 9.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,850 shares of the insurance provider’s stock after purchasing an additional 2,971 shares during the quarter. Travelers Companies accounts for about 1.2% of Aviance Capital Partners LLC’s holdings, making the stock its 16th largest holding. Aviance Capital Partners LLC’s holdings in Travelers Companies were worth $8,020,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Financial Advisors bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $32,000. Opal Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at about $42,000. MCF Advisors LLC lifted its stake in shares of Travelers Companies by 53.8% in the 1st quarter. MCF Advisors LLC now owns 203 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 71 shares during the last quarter. Private Wealth Management Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $40,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.0 %

Shares of NYSE TRV traded down $0.07 during midday trading on Monday, hitting $203.27. The stock had a trading volume of 86,495 shares, compared to its average volume of 1,383,610. The company has a market cap of $46.55 billion, a P/E ratio of 15.11, a PEG ratio of 1.08 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $212.47 and its 200-day moving average is $211.70. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the prior year, the business posted $4.11 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, analysts predict that The Travelers Companies, Inc. will post 17.59 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.07%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TRV shares. Citigroup reissued a “sell” rating and set a $200.00 target price (down from $226.00) on shares of Travelers Companies in a research note on Friday. Piper Sandler reaffirmed a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday. Morgan Stanley lifted their price objective on Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. increased their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $221.12.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is owned by insiders.

About Travelers Companies

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.