Waldron Private Wealth LLC Acquires 369 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Waldron Private Wealth LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 13.5% in the third quarter, Holdings Channel reports. The fund owned 3,100 shares of the insurance provider’s stock after purchasing an additional 369 shares during the quarter. Waldron Private Wealth LLC’s holdings in Travelers Companies were worth $726,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in Travelers Companies in the 2nd quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new stake in shares of Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC grew its position in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares in the last quarter. Finally, Tributary Capital Management LLC bought a new position in Travelers Companies in the first quarter valued at about $45,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.2 %

Shares of Travelers Companies stock opened at $259.19 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.34. The stock has a market capitalization of $59.08 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.40 and a beta of 0.62. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $269.55. The stock’s 50-day simple moving average is $233.84 and its 200 day simple moving average is $219.94.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the company posted $1.95 EPS. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.45 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. Travelers Companies’s payout ratio is 21.54%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TRV shares. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. BMO Capital Markets raised their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday. Morgan Stanley cut their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, Citigroup lifted their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $247.45.

Insider Buying and Selling

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at $446,671.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,465 shares of company stock valued at $13,681,936. Corporate insiders own 1.33% of the company’s stock.

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.