Argent Advisors Inc. Purchases 2,645 Shares of The Travelers Companies, Inc. $TRV

Argent Advisors Inc. grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 27.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,127 shares of the insurance provider’s stock after buying an additional 2,645 shares during the period. Travelers Companies accounts for about 1.0% of Argent Advisors Inc.’s portfolio, making the stock its 27th largest position. Argent Advisors Inc.’s holdings in Travelers Companies were worth $3,518,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after buying an additional 110,311 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Travelers Companies by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after buying an additional 119,481 shares in the last quarter. Norges Bank bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $723,339,000. AQR Capital Management LLC boosted its holdings in shares of Travelers Companies by 22.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after buying an additional 331,170 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after buying an additional 89,159 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Up 1.2%

TRV stock opened at $293.50 on Friday. The firm has a 50 day moving average of $298.79 and a 200 day moving average of $293.93. The stock has a market capitalization of $62.41 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 2.61 and a beta of 0.48. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the business posted $1.91 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Sell-side analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Brean Capital assumed coverage on shares of Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating for the company. Bank of America lowered their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods lifted their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $311.47.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies 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 completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of Travelers Companies 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 owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,573 shares of company stock worth $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies 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.