Beacon Financial Group buys new shares in The Travelers Companies, Inc. (NYSE:TRV)

Beacon Financial Group has purchased new shares of The Travelers Companies, Inc., according to its latest disclosure to the Securities and Exchange Commission (SEC). (NYSE:TRV – Free Report) in the fourth quarter. The company purchased 8,408 shares of the insurer’s stock valued at approximately $1,602,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Northwest Financial Advisors acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $32,000. Private Wealth Management Group LLC acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $39,000. Valued Wealth Advisors LLC acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $40,000. OLD Second National Bank of Aurora acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $41,000. Finally, Operose Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at $43,000. Institutional investors and hedge funds hold 82.45% of the company’s shares.

A Wall Street analyst weighs in

Several stock research analysts have published reports on the company. UBS Group lowered their target price on Travelers Companies from $237.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Oppenheimer reissued a “market” rating on shares of Travelers Companies in a research note on Friday, April 5th. Morgan Stanley raised their target price on Travelers Companies from $214.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Piper Sandler reiterated a neutral rating and set a $213.00 price target on shares of Travelers Companies in a research note on Monday, April 1st. Roth Mkm ultimately reissued a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research note on Thursday, April 18th. Two analysts gave the company a sell rating, 13 analysts gave a hold rating, 4 analysts gave a buy rating and one gave a strong buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $222.65.

Download our latest research report on travel companies

Buying and selling insider information at Travelers

In other Travelers Companies news, Vice Chairman Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a legal filing filed with the SEC, which can be accessed at this link. In other news, Vice President Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68 for a total transaction of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares of the company’s stock valued at $1,298,106. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, Vice President Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The announcement of this sale can be found here. Over the last ninety days, insiders have sold a total of 18,635 shares of company stock worth $3,980,827. Corporate insiders own 1.33% of the company’s shares.

The turnover of travel companies decreased by 0.6%

On Friday, NYSE:TRV began trading at $205.85. The company has a market capitalization of $47.14 billion, a PE ratio of 15.29, a price-to-earnings growth ratio of 1.06 and a beta of 0.62. The stock has a fifty-day moving average price of $214.73 and a 200-day moving average price of $209.68. Lowest rate for Travelers Companies, Inc. is $157.33 for 12 months and a 12-month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV – Get Free Report) last released its earnings results on Wednesday, April 17th. The insurer reported earnings per share (EPS) of $4.69 for the quarter, missing the analyst consensus estimate of $4.75 ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analyst expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s revenue for the quarter increased by 15.7% year-over-year. During the same quarter last year, the company reported earnings per share of $4.11. Sell-side analysts predict that The Travelers Companies, Inc. will report 17.86 earnings per share for the current financial year.

Travelers Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28. Shareholders of record on Monday, June 10 will receive a dividend of $1.05. The ex-dividend date for this dividend is Monday, June 10. This represents an increase from Travelers Companies’ previous quarterly dividend of $1.00. This represents a dividend of $4.20 on an annualized basis and a yield of 2.04%. Travelers Companies’ dividend payout ratio (DPR) is currently 31.20%.

Company profile of travel companies

(free report)

Travelers Companies, Inc, through its subsidiaries, offers a broad range of commercial and personal property and casualty insurance products and services to businesses, governments, associations and individuals in the United States and around the world. The company operates in three segments: business insurance, bond and specialty insurance, and personal insurance.

A Wall Street analyst weighs in

Buying and selling insider information at Travelers

The turnover of travel companies decreased by 0.6%

Travelers Inc. Increases Dividend

Company profile of travel companies

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