Pinnacle Wealth Management Advisory Group LLC Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Pinnacle Wealth Management Advisory Group LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 10.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,225 shares of the insurance provider’s stock after purchasing an additional 294 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Travelers Companies were worth $614,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Clearbridge Investments LLC raised its holdings in Travelers Companies by 15.8% in the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Travelers Companies by 0.9% in the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after purchasing an additional 29,989 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Travelers Companies by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after buying an additional 40,114 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Travelers Companies by 7.2% during the third quarter. Hsbc Holdings PLC now owns 989,962 shares of the insurance provider’s stock worth $162,157,000 after buying an additional 66,508 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Travelers Companies by 18.3% in the 4th quarter. California Public Employees Retirement System now owns 936,058 shares of the insurance provider’s stock valued at $178,310,000 after buying an additional 144,566 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TRV shares. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. The Goldman Sachs Group upped their price objective on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Piper Sandler reiterated a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. Finally, TD Cowen reduced their target price on Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $223.47.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Up 0.2 %

TRV stock traded up $0.37 during mid-day trading on Wednesday, reaching $217.34. The company had a trading volume of 595,242 shares, compared to its average volume of 1,452,786. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a market capitalization of $49.77 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a fifty day simple moving average of $220.64 and a 200 day simple moving average of $201.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the prior year, the firm earned $4.11 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio is currently 29.72%.

Travelers Companies Company 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.