Rockport Wealth LLC Acquires New Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Rockport Wealth LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,100 shares of the insurance provider’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealth Quarterback LLC lifted its position in Travelers Companies by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after purchasing an additional 49 shares during the period. Kapitalo Investimentos Ltda lifted its position in Travelers Companies by 24.1% during the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 49 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Travelers Companies by 9.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after buying an additional 50 shares during the last quarter. Norwood Financial Corp increased its holdings in Travelers Companies by 16.1% during the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after buying an additional 50 shares during the last quarter. Finally, Grimes & Company Inc. increased its holdings in Travelers Companies by 2.2% during the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after buying an additional 53 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRV. Roth Mkm reaffirmed a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Citigroup reaffirmed a “sell” rating and set a $200.00 target price (down from $226.00) on shares of Travelers Companies in a report on Friday, June 28th. Bank of America upped their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday. Piper Sandler reduced their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday. Finally, JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $220.94.

Travelers Companies Price Performance

TRV traded up $3.11 during trading on Tuesday, hitting $208.53. 1,521,907 shares of the company traded hands, compared to its average volume of 1,381,223. The company has a market cap of $47.75 billion, a PE ratio of 15.38, a P/E/G ratio of 1.23 and a beta of 0.61. The stock’s 50-day simple moving average is $210.31 and its two-hundred day simple moving average is $214.06. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same period in the previous year, the business posted $0.06 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 16.84 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 2.01%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. 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.