Bartlett & CO. Wealth Management LLC Has $9.74 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bartlett & CO. Wealth Management LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,580 shares of the insurance provider’s stock after selling 374 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Travelers Companies were worth $9,735,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TRV. Cornell Pochily Investment Advisors Inc. increased its holdings in shares of Travelers Companies by 2.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after buying an additional 42 shares during the period. Willner & Heller LLC increased its stake in shares of Travelers Companies by 4.1% in the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after buying an additional 45 shares during the period. Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the period. Drive Wealth Management LLC grew its holdings in Travelers Companies by 2.8% in the 2nd quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock worth $360,000 after acquiring an additional 48 shares during the last quarter. Finally, Kapitalo Investimentos Ltda increased its position in shares of Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 49 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TRV. Bank of America upped their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $206.00 to $207.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Finally, Citigroup raised their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $235.42.

Travelers Companies Stock Up 0.2 %

TRV stock opened at $265.45 on Friday. The company has a market cap of $60.50 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The business’s 50-day moving average is $231.88 and its two-hundred day moving average is $219.65. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $269.55.

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, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the previous year, the business posted $1.95 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.09 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 26.55%.

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.