United Advisor Group LLC Purchases Shares of 1,338 The Travelers Companies, Inc. (NYSE:TRV)

United Advisor Group LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,338 shares of the insurance provider’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in Travelers Companies in the second quarter worth about $25,000. Pathway Financial Advisers LLC purchased a new position in Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC lifted its stake in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in 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 purchasing an additional 45 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the third quarter worth about $50,000. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley decreased their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. BMO Capital Markets lifted 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, October 22nd. Finally, UBS Group lifted their price target 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. 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $247.90.

Travelers Companies Stock Performance

Shares of TRV stock opened at $253.95 on Thursday. The company has a market cap of $57.65 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62. The stock has a 50 day simple moving average of $240.61 and a 200-day simple moving average of $222.27. The Travelers Companies, Inc. has a 12-month low of $167.08 and a 12-month 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.

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

Travelers Companies Announces Dividend

The company 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 $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is currently 21.54%.

Insider Activity at Travelers Companies

In related 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 stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related 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 stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock valued at $16,580,166 in the last ninety days. Corporate 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.