Courier Capital LLC Purchases New Stake in The Travelers Companies, Inc. (NYSE:TRV)

Courier Capital LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,348 shares of the insurance provider’s stock, valued at approximately $1,486,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in Travelers Companies during the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC raised its holdings in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings 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 last quarter. Finally, Tributary Capital Management LLC bought a new stake in Travelers Companies during the 1st quarter valued at $45,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

Shares of TRV stock opened at $257.35 on Thursday. The company has a 50 day moving average price of $234.71 and a 200-day moving average price of $220.20. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $269.55. The firm has a market capitalization of $58.66 billion, a PE ratio of 13.20, a P/E/G ratio of 1.40 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.95 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.45 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Insider Buying and Selling

In related news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. 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 research report on Tuesday. Bank of America raised their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada raised their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $247.90.

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.