World Investment Advisors LLC Buys New Stake in The Travelers Companies, Inc. (NYSE:TRV)

World Investment Advisors LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,141 shares of the insurance provider’s stock, valued at approximately $501,000.

A number of other hedge funds have also recently modified their holdings of the stock. Tudor Financial Inc. purchased a new position in shares of Travelers Companies in the 3rd quarter valued at $983,000. Virtu Financial LLC grew its position in shares of Travelers Companies by 25.6% in the 3rd quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider’s stock valued at $3,978,000 after buying an additional 3,462 shares during the last quarter. Toronto Dominion Bank grew its position in Travelers Companies by 1.0% during the 3rd quarter. Toronto Dominion Bank now owns 114,014 shares of the insurance provider’s stock worth $26,693,000 after purchasing an additional 1,113 shares during the last quarter. Empire Financial Management Company LLC grew its position in Travelers Companies by 1.2% during the 3rd quarter. Empire Financial Management Company LLC now owns 16,201 shares of the insurance provider’s stock worth $3,793,000 after purchasing an additional 187 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Travelers Companies by 14.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,032 shares of the insurance provider’s stock worth $1,191,000 after purchasing an additional 630 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on TRV shares. HSBC raised 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, December 10th. UBS Group raised their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Roth Mkm raised their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. BMO Capital Markets raised their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $217.00 price objective (down from $256.00) on shares of Travelers Companies in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $251.70.

Insiders Place Their Bets

In other news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares in the company, 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 filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 1.0 %

Shares of NYSE TRV opened at $243.74 on Wednesday. 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 $182.59 and a 52 week high of $269.55. The firm has a 50-day moving average price of $253.70 and a 200 day moving average price of $230.98. The stock has a market capitalization of $55.33 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $1.95 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.84 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is currently 21.54%.

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.