Arkadios Wealth Advisors Raises Stock Position in The Travelers Companies, Inc. $TRV

Arkadios Wealth Advisors increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 79.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,023 shares of the insurance provider’s stock after acquiring an additional 1,343 shares during the period. Arkadios Wealth Advisors’ holdings in Travelers Companies were worth $809,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC lifted its holdings in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after purchasing an additional 3,611,758 shares during the last quarter. Nuveen LLC purchased a new position in Travelers Companies during the 1st quarter worth $294,755,000. Bahl & Gaynor Inc. increased its position in Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after buying an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after buying an additional 390,104 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Travelers Companies by 86.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after acquiring an additional 342,666 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TRV shares. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Morgan Stanley lifted their price objective on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Barclays set a $313.00 target price on Travelers Companies in a research report on Wednesday, October 8th. Finally, UBS Group boosted their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Two research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $291.31.

Insider Buying and Selling

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s 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 sale, the executive vice president directly owned 33,638 shares in the company, valued at $9,106,815.74. The trade was a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 0.9%

Shares of Travelers Companies stock opened at $268.61 on Monday. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 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 $59.92 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51. The firm has a fifty day moving average price of $273.86 and a 200 day moving average price of $268.19.

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

Travelers Companies Dividend Announcement

The business 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 dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

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.