Herold Advisors Inc. Acquires New Stake in The Travelers Companies, Inc. (NYSE:TRV)

Herold Advisors Inc. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,200 shares of the insurance provider’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Mn Services Vermogensbeheer B.V. increased its position in shares of Travelers Companies by 1.5% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock valued at $18,217,000 after acquiring an additional 1,600 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after acquiring an additional 7,649 shares during the period. Worth Asset Management LLC purchased a new position in shares of Travelers Companies during the 4th quarter worth $2,201,000. Nordea Investment Management AB increased its stake in shares of Travelers Companies by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after purchasing an additional 16,580 shares in the last quarter. Finally, DNB Asset Management AS raised its holdings in Travelers Companies by 53.5% in the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after purchasing an additional 24,230 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.3 %

Shares of NYSE TRV traded down $0.54 during trading on Friday, reaching $213.45. The stock had a trading volume of 1,612,018 shares, compared to its average volume of 1,495,871. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $48.88 billion, a P/E ratio of 15.86, a PEG ratio of 1.11 and a beta of 0.58. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The business’s 50-day moving average price is $221.50 and its 200-day moving average price is $198.41.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.11 earnings per share. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.78 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $1.05 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a yield of 1.97%. Travelers Companies’s payout ratio is 29.72%.

Analysts Set New Price Targets

A number of brokerages have commented on TRV. The Goldman Sachs Group upped their price target on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. UBS Group reduced their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday. Roth Mkm restated a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Piper Sandler reaffirmed a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. Finally, Citigroup raised their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $223.47.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 2,500 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total value of $533,850.00. Following the completion of the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,490,710.12. The sale was disclosed in a filing with the SEC, which is available at this link. In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,734 shares of company stock worth $17,208,404. 1.33% of the stock is currently owned by company insiders.

Travelers Companies 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.