Bartlett & CO. Wealth Management LLC Cuts Position in The Travelers Companies, Inc. (NYSE:TRV)

Bartlett & CO. Wealth Management LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,239 shares of the insurance provider’s stock after selling 341 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Travelers Companies were worth $9,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after acquiring an additional 38,515 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Travelers Companies in the 2nd quarter worth about $9,798,000. Orion Portfolio Solutions LLC boosted its stake in Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after purchasing an additional 4,665 shares in the last quarter. Czech National Bank grew its position in Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Andy F. Bessette sold 4,520 shares of the 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 transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s 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 transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,670 shares of company stock worth $4,861,329 over the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 3.1 %

Shares of Travelers Companies stock opened at $246.67 on Thursday. The firm has a market capitalization of $56.00 billion, a PE ratio of 12.65, a P/E/G ratio of 1.05 and a beta of 0.65. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The firm’s 50-day moving average price is $248.81 and its 200 day moving average price is $236.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.01 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 19 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRV. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods reduced their target price on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a report on Friday, January 10th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Bank of America lifted their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $255.16.

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.