Legacy Capital Wealth Partners LLC Makes New $892,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

Legacy Capital Wealth Partners LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,809 shares of the insurance provider’s stock, valued at approximately $892,000.

Other hedge funds also recently made changes to their positions in the company. Ledyard National Bank boosted its stake in Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after buying an additional 39 shares in the last quarter. Trueblood Wealth Management LLC boosted its position in Travelers Companies by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after buying an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after acquiring an additional 42 shares during the last quarter. Willner & Heller LLC increased its holdings in Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after purchasing an additional 45 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its position in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.8 %

Travelers Companies stock opened at $256.89 on Friday. 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 Travelers Companies, Inc. has a 1-year low of $167.08 and a 1-year high of $269.55. The company has a fifty day simple moving average of $241.70 and a 200 day simple moving average of $222.78. The company has a market cap of $58.32 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the company earned $1.95 EPS. Travelers Companies’s revenue for the quarter was up 11.9% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Activity

In related news, 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 directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TRV shares. UBS Group raised their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Barclays boosted their price objective on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Bank of America raised 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. Finally, Citigroup increased their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $247.90.

About Travelers Companies

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.