SteelPeak Wealth LLC Buys 8,636 Shares of The Travelers Companies, Inc. (NYSE:TRV)

SteelPeak Wealth LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 182.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,374 shares of the insurance provider’s stock after purchasing an additional 8,636 shares during the period. SteelPeak Wealth LLC’s holdings in Travelers Companies were worth $3,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BSW Wealth Partners grew its stake in shares of Travelers Companies by 1.0% during the 4th quarter. BSW Wealth Partners now owns 6,585 shares of the insurance provider’s stock valued at $1,586,000 after acquiring an additional 63 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $276,000. Fortitude Advisory Group L.L.C. bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $202,000. Lebenthal Global Advisors LLC increased its stake in shares of Travelers Companies by 164.4% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,303 shares of the insurance provider’s stock worth $555,000 after purchasing an additional 1,432 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its position in shares of Travelers Companies by 16.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,414 shares of the insurance provider’s stock valued at $582,000 after purchasing an additional 349 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $248.65 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The firm has a market cap of $56.45 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.09 and a beta of 0.65. The business’s fifty day simple moving average is $247.69 and its two-hundred day simple moving average is $237.81. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $7.01 EPS. Analysts predict that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRV shares. Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Barclays lifted their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $260.47.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

About Travelers Companies

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.