Syverson Strege & Co Purchases New Shares in The Travelers Companies, Inc. $TRV

Syverson Strege & Co purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,393 shares of the insurance provider’s stock, valued at approximately $373,000.

A number of other institutional investors have also recently added to or reduced their stakes in TRV. Cornerstone Planning Group LLC grew its stake in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies during the 1st quarter worth $26,000. Missouri Trust & Investment Co boosted its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Quaker Wealth Management LLC boosted its stake in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in Travelers Companies during the 1st quarter worth $32,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.9%

NYSE TRV opened at $268.61 on Friday. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $273.86 and its 200-day simple moving average is $267.96. The firm has a market cap of $59.92 billion, a PE ratio of 10.56, a P/E/G ratio of 2.38 and a beta of 0.51.

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

Travelers Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRV. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. UBS Group upped their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $291.31.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is currently owned by 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.