Empire Financial Management Company LLC Raises Position in The Travelers Companies, Inc. (NYSE:TRV)

Empire Financial Management Company LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,201 shares of the insurance provider’s stock after purchasing an additional 187 shares during the period. Travelers Companies accounts for approximately 1.2% of Empire Financial Management Company LLC’s holdings, making the stock its 19th largest position. Empire Financial Management Company LLC’s holdings in Travelers Companies were worth $3,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. Sanctuary Advisors LLC purchased a new position in Travelers Companies during the second quarter valued at approximately $9,798,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of 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 buying an additional 12,161 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after buying an additional 4,665 shares in the last quarter. Kintegral Advisory LLC boosted its holdings in 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. Finally, LPL Financial LLC increased its stake in Travelers Companies by 7.4% in 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. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 1.3 %

NYSE TRV opened at $247.68 on Wednesday. The company has a fifty day moving average of $252.16 and a two-hundred day moving average of $229.59. The firm has a market capitalization of $56.23 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.19 and a beta of 0.63. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $180.44 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 earnings per share. On average, analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRV. Roth Mkm upped their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Royal Bank of Canada boosted their price target on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group upped their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $253.65.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $1,026,433.45. Following the sale, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. This represents a 69.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 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.