Empirical Asset Management LLC Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Empirical Asset Management LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,042 shares of the insurance provider’s stock after buying an additional 1,086 shares during the quarter. Empirical Asset Management LLC’s holdings in Travelers Companies were worth $3,864,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management grew its holdings in shares of Travelers Companies by 2.4% in the fourth quarter. Ritholtz Wealth Management now owns 35,035 shares of the insurance provider’s stock valued at $8,440,000 after purchasing an additional 818 shares in the last quarter. Rovin Capital UT ADV bought a new position in Travelers Companies during the fourth quarter valued at $203,000. Burney Co. grew its stake in shares of Travelers Companies by 1.6% in the 4th quarter. Burney Co. now owns 11,684 shares of the insurance provider’s stock worth $2,815,000 after buying an additional 189 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Travelers Companies by 27.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 549 shares of the insurance provider’s stock worth $132,000 after buying an additional 117 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of Travelers Companies by 46.8% in the 4th quarter. Park Avenue Securities LLC now owns 9,978 shares of the insurance provider’s stock worth $2,404,000 after buying an additional 3,180 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jefferies Financial Group lifted their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Bank of America raised their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Roth Mkm boosted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, BMO Capital Markets raised their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $254.65.

Travelers Companies Stock Up 1.1 %

NYSE:TRV opened at $242.54 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $195.57 and a 1-year high of $269.55. The company has a 50-day moving average of $250.11 and a 200 day moving average of $235.43. The firm has a market cap of $55.06 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion for 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 company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $1.95 earnings per share. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 18.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. This trade represents a 69.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 over the last 90 days. Company insiders own 1.33% of the company’s stock.

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.