Baker Tilly Wealth Management LLC Grows Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Baker Tilly Wealth Management LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 9.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,097 shares of the insurance provider’s stock after acquiring an additional 351 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Travelers Companies were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. International Assets Investment Management LLC boosted its position in shares of Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after purchasing an additional 518,075 shares during the period. Bank of Montreal Can boosted its position in shares of Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after purchasing an additional 282,884 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Travelers Companies in the third quarter worth $54,988,000. Finally, Janus Henderson Group PLC raised its position in shares of Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after purchasing an additional 232,428 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 3.6 %

TRV traded down $8.85 during trading on Friday, hitting $233.92. 447,119 shares of the stock were exchanged, compared to its average volume of 1,070,346. The Travelers Companies, Inc. has a 1 year low of $191.88 and a 1 year high of $269.55. The firm has a market cap of $53.10 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 1.17 and a beta of 0.65. The firm has a 50 day simple moving average of $250.99 and a 200 day simple moving average of $234.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities analysts expect that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TRV shares. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday. Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Roth Mkm upped their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company reaffirmed an “underweight” rating and set a $217.00 price target (down previously from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. Finally, Piper Sandler dropped their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research note on Monday. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $255.10.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. The trade was a 69.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 over the last 90 days. Company insiders own 1.33% of the company’s stock.

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.