Impact Partnership Wealth LLC Boosts Stake in The Travelers Companies, Inc. $TRV

Impact Partnership Wealth LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.4% during the second quarter, HoldingsChannel.com reports. The firm owned 2,891 shares of the insurance provider’s stock after buying an additional 147 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Travelers Companies were worth $773,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Travelers Companies in the fourth quarter valued at approximately $276,000. Avidian Wealth Enterprises LLC acquired a new position in Travelers Companies during the 1st quarter valued at approximately $205,000. Ameritas Advisory Services LLC bought a new position in Travelers Companies during the 1st quarter worth $204,000. Finally, Alta Advisers Ltd acquired a new stake in Travelers Companies in the first quarter worth $303,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of TRV opened at $267.75 on Thursday. The company has a 50-day moving average of $274.09 and a two-hundred day moving average of $267.81. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $59.72 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.41 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the previous year, the company earned $5.24 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TRV shares. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday, October 9th. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $291.31.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.46% of the company’s stock.

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.