Global Retirement Partners LLC Boosts Position in The Travelers Companies, Inc. (NYSE:TRV)

Global Retirement Partners LLC lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,759 shares of the insurance provider’s stock after purchasing an additional 63 shares during the quarter. Global Retirement Partners LLC’s holdings in Travelers Companies were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. Good Life Advisors LLC purchased a new position in Travelers Companies in the third quarter worth approximately $392,000. Quad Cities Investment Group LLC acquired a new stake in Travelers Companies during the third quarter worth $504,000. Patton Fund Management Inc. acquired a new stake in Travelers Companies during the third quarter worth $6,020,000. nVerses Capital LLC increased its stake in Travelers Companies by 75.0% during the third quarter. nVerses Capital LLC now owns 4,200 shares of the insurance provider’s stock worth $983,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Naviter Wealth LLC acquired a new stake in Travelers Companies during the third quarter worth $203,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Down 2.2 %

Shares of NYSE TRV opened at $259.70 on Tuesday. The company has a market capitalization of $59.19 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.33. The business has a 50-day moving average of $232.88 and a two-hundred day moving average of $219.74. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $1.95 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post 17.45 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Insiders Place Their Bets

In other 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 sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TRV shares. Bank of America raised their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Morgan Stanley dropped their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, Piper Sandler dropped their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $241.16.

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.