NewEdge Advisors LLC Has $5.06 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

NewEdge Advisors LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 14.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,875 shares of the insurance provider’s stock after buying an additional 3,228 shares during the quarter. NewEdge Advisors LLC’s holdings in Travelers Companies were worth $5,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies in the 1st quarter valued at about $35,000. Beacon Capital Management LLC raised its holdings in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies during the first quarter worth approximately $42,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies during the first quarter worth approximately $45,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

Shares of TRV opened at $235.12 on Wednesday. The firm has a market cap of $53.59 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48. The business’s 50 day moving average price is $224.72 and its two-hundred day moving average price is $218.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued 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). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.18 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TRV shares. Piper Sandler lowered their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Citigroup boosted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $227.05.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.33% of the stock is currently owned by insiders.

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.