World Investment Advisors Acquires 1,820 Shares of The Travelers Companies, Inc. $TRV

World Investment Advisors increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 65.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,588 shares of the insurance provider’s stock after purchasing an additional 1,820 shares during the period. World Investment Advisors’ holdings in Travelers Companies were worth $1,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nalls Sherbakoff Group LLC acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $35,000. Larry Mathis Financial Planning LLC acquired a new stake in Travelers Companies in the 4th quarter valued at $330,000. Advisortrust Partners LLC acquired a new stake in Travelers Companies in the 4th quarter valued at $363,000. Union Savings Bank bought a new stake in Travelers Companies in the fourth quarter valued at $1,000,000. Finally, Hsbc Holdings PLC grew its position in Travelers Companies by 9.3% in the fourth quarter. Hsbc Holdings PLC now owns 865,178 shares of the insurance provider’s stock valued at $251,117,000 after acquiring an additional 73,650 shares during the period. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TRV shares. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. BMO Capital Markets upped their target price on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Brean Capital assumed coverage on shares of Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Piper Sandler boosted their price target on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $309.07.

Travelers Companies Trading Down 0.1%

Shares of TRV opened at $307.48 on Friday. The stock has a fifty day moving average price of $301.35 and a two-hundred day moving average price of $294.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The company has a market cap of $65.39 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 2.78 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is currently 14.88%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the sale, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 37,573 shares of company stock worth $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.