The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 63.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 508 shares of the insurance provider’s stock after acquiring an additional 197 shares during the quarter. Venturi Wealth Management LLC’s holdings in Travelers Companies were worth $122,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Trueblood Wealth Management LLC increased its holdings in shares of Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after acquiring an additional 41 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after acquiring an additional 41 shares during the period. Quent Capital LLC increased its holdings in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after acquiring an additional 43 shares during the period. Salem Investment Counselors Inc. increased its stake in Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after buying an additional 44 shares during the period. Finally, Somerset Trust Co increased its stake in Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after buying an additional 45 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on TRV. Barclays boosted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. BMO Capital Markets boosted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $239.90 on Friday. The stock has a market cap of $54.39 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company’s 50-day moving average price is $242.04 and its 200 day moving average price is $241.74. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the company earned $7.01 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.75%. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.