The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Decreased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 979 shares of the insurance provider’s stock after selling 50 shares during the period. New Wave Wealth Advisors LLC’s holdings in Travelers Companies were worth $236,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TRV. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new position in Travelers Companies in the 3rd quarter valued at approximately $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies in the 3rd quarter valued at approximately $50,000. Versant Capital Management Inc increased its stake in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on TRV. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Bank of America upped their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. UBS Group upped their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research note on Monday. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $260.47.

Travelers Companies Price Performance

NYSE:TRV opened at $249.02 on Friday. The company has a 50-day moving average of $247.09 and a 200-day moving average of $238.23. The company has a market capitalization of $56.53 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $7.01 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 20.6 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

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.