Pittenger & Anderson Inc. Has $18.06 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Pittenger & Anderson Inc. lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 77,143 shares of the insurance provider’s stock after buying an additional 520 shares during the period. Pittenger & Anderson Inc.’s holdings in Travelers Companies were worth $18,061,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cetera Investment Advisers grew its stake in Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after acquiring an additional 3,050 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Travelers Companies in the second quarter valued at approximately $17,303,000. Cetera Advisors LLC increased its stake in Travelers Companies by 75.3% in the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after acquiring an additional 4,724 shares during the last quarter. Finally, Swedbank AB acquired a new position in Travelers Companies during the first quarter valued at approximately $26,618,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Down 1.2 %

Shares of TRV stock opened at $242.81 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $167.08 and a 1-year high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market cap of $55.12 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.18 and a beta of 0.62. The stock has a 50-day moving average of $239.59 and a 200-day moving average of $221.83.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced 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. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TRV shares. BMO Capital Markets lifted their price target on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Bank of America increased their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Citigroup upped their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $247.90.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,999 shares of company stock worth $16,580,166 over the last quarter. Company insiders own 1.33% of the company’s stock.

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.