Steigerwald Gordon & Koch Inc. Acquires 1,826 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Steigerwald Gordon & Koch Inc. raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,464 shares of the insurance provider’s stock after purchasing an additional 1,826 shares during the quarter. Travelers Companies accounts for about 2.5% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 15th largest position. Steigerwald Gordon & Koch Inc.’s holdings in Travelers Companies were worth $22,584,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB raised its stake in shares of Travelers Companies by 38.7% in the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after acquiring an additional 95,451 shares during the period. Cetera Investment Advisers raised its stake in shares of Travelers Companies by 356.3% in the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after acquiring an additional 35,560 shares during the period. Wellington Management Group LLP raised its stake in shares of Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after acquiring an additional 25,575 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $874,000. Finally, GAMMA Investing LLC raised its stake in shares of Travelers Companies by 162.6% in the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after acquiring an additional 3,050 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TRV. The Goldman Sachs Group raised their price target on shares of Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a research note on Wednesday. Morgan Stanley reduced their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Piper Sandler reduced their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, Bank of America raised their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $229.95.

Travelers Companies Stock Up 0.7 %

Shares of NYSE:TRV traded up $1.72 during trading on Thursday, reaching $233.19. The stock had a trading volume of 271,692 shares, compared to its average volume of 1,310,316. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48. The company has a market capitalization of $53.15 billion, a P/E ratio of 17.25, a PEG ratio of 1.24 and a beta of 0.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $226.94 and its 200 day simple moving average is $218.69.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.16 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.33% of the stock is owned by company insiders.

Travelers Companies Company 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.