Insigneo Advisory Services LLC Acquires 1,080 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Insigneo Advisory Services LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 62.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,822 shares of the insurance provider’s stock after purchasing an additional 1,080 shares during the period. Insigneo Advisory Services LLC’s holdings in Travelers Companies were worth $661,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in shares of Travelers Companies during the second quarter worth approximately $9,798,000. Wealth Enhancement Advisory Services LLC raised its position in Travelers Companies by 9.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 144,889 shares of the insurance provider’s stock valued at $29,462,000 after purchasing an additional 12,161 shares in the last quarter. Kintegral Advisory LLC lifted its holdings in shares of Travelers Companies by 14.3% in the 2nd quarter. Kintegral Advisory LLC now owns 12,189 shares of the insurance provider’s stock worth $2,479,000 after buying an additional 1,528 shares during the period. LPL Financial LLC grew its position in shares of Travelers Companies by 7.4% during the 2nd quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock worth $36,099,000 after buying an additional 12,190 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Travelers Companies by 5.4% during the second quarter. TD Asset Management Inc now owns 264,320 shares of the insurance provider’s stock valued at $53,747,000 after buying an additional 13,639 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.8 %

Travelers Companies stock opened at $261.15 on Friday. The stock has a 50-day moving average price of $251.80 and a 200 day moving average price of $229.22. The company has a market capitalization of $59.29 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. The Travelers Companies, Inc. has a 52 week low of $180.44 and a 52 week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the firm earned $1.95 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current 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 issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated 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 owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock worth $20,295,856 over the last quarter. 1.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on TRV shares. UBS Group upped their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group increased their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Bank of America increased their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Finally, Roth Mkm boosted their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $251.15.

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.