The Travelers Companies, Inc. $TRV Shares Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 17.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,057 shares of the insurance provider’s stock after purchasing an additional 155 shares during the period. Resonant Capital Advisors LLC’s holdings in Travelers Companies were worth $283,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in Travelers Companies during the 4th quarter worth $276,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Travelers Companies by 5.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,505 shares of the insurance provider’s stock worth $11,920,000 after purchasing an additional 2,153 shares during the period. KBC Group NV raised its position in Travelers Companies by 0.3% in the 1st quarter. KBC Group NV now owns 159,714 shares of the insurance provider’s stock valued at $42,238,000 after purchasing an additional 520 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at about $205,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.1%

Travelers Companies stock opened at $270.14 on Tuesday. The company has a market capitalization of $60.26 billion, a P/E ratio of 10.62, a PEG ratio of 2.44 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The stock has a 50-day simple moving average of $274.23 and a 200-day simple moving average of $267.49.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter last year, the business posted $5.24 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 17.30%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRV shares. Barclays set a $313.00 target price on shares of Travelers Companies in a research note on Wednesday, October 8th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. UBS Group boosted their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $291.31.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.46% 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.