Aviance Capital Partners LLC Purchases 1,507 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Aviance Capital Partners LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 36,358 shares of the insurance provider’s stock after buying an additional 1,507 shares during the quarter. Travelers Companies makes up approximately 1.1% of Aviance Capital Partners LLC’s portfolio, making the stock its 17th largest position. Aviance Capital Partners LLC’s holdings in Travelers Companies were worth $8,512,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TRV. Quent Capital LLC grew its holdings in shares of Travelers Companies by 19.7% during the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 226 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Travelers Companies during the 1st quarter worth $235,000. Ameritas Investment Partners Inc. grew its holdings in shares of Travelers Companies by 25.9% during the 1st quarter. Ameritas Investment Partners Inc. now owns 3,195 shares of the insurance provider’s stock worth $735,000 after purchasing an additional 657 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Travelers Companies by 254.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 7,336 shares of the insurance provider’s stock worth $1,688,000 after purchasing an additional 5,269 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Travelers Companies by 67.2% during the 1st quarter. Bessemer Group Inc. now owns 16,201 shares of the insurance provider’s stock worth $3,729,000 after purchasing an additional 6,513 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on TRV. Barclays increased their target price on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Trading Up 0.7 %

Shares of TRV stock opened at $262.69 on Tuesday. The company has a market cap of $59.64 billion, a P/E ratio of 13.47, a PEG ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $170.88 and a fifty-two week high of $269.55. The stock has a 50 day simple moving average of $244.87 and a two-hundred day simple moving average of $224.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio is 21.54%.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred 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 transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 69.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,999 shares of company stock worth $16,580,166 over the last quarter. 1.33% of the stock is currently owned by corporate insiders.

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.