Ritholtz Wealth Management Acquires 818 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Ritholtz Wealth Management lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,035 shares of the insurance provider’s stock after buying an additional 818 shares during the quarter. Ritholtz Wealth Management’s holdings in Travelers Companies were worth $8,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. raised its stake in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after buying an additional 38,515 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Travelers Companies in the second quarter valued at about $9,798,000. Orion Portfolio Solutions LLC raised its stake in Travelers Companies by 34.6% in the third 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 during the last quarter. Czech National Bank raised its stake in Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after buying an additional 2,792 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies in the third quarter valued at about $50,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.1 %

Shares of TRV opened at $242.54 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 12 month low of $195.57 and a 12 month high of $269.55. The stock’s 50 day moving average is $250.11 and its two-hundred day moving average is $235.43. The firm has a market cap of $55.06 billion, a P/E ratio of 12.44, a PEG ratio of 1.01 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued 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 return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the company earned $1.95 earnings per share. Travelers Companies’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. UBS Group increased their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $254.65.

Insider Buying and Selling at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,149 shares of company stock valued at $20,295,856. 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.