United Asset Strategies Inc. Purchases Shares of 872 The Travelers Companies, Inc. (NYSE:TRV)

United Asset Strategies Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, Holdings Channel reports. The fund acquired 872 shares of the insurance provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norden Group LLC acquired a new position in Travelers Companies in the 1st quarter worth approximately $1,207,000. Ashton Thomas Private Wealth LLC increased its position in shares of Travelers Companies by 2.4% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 7,340 shares of the insurance provider’s stock worth $1,689,000 after purchasing an additional 172 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Travelers Companies by 26.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 5,962 shares of the insurance provider’s stock worth $1,365,000 after purchasing an additional 1,242 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Travelers Companies by 1.6% during the 1st quarter. Private Advisor Group LLC now owns 24,900 shares of the insurance provider’s stock worth $5,731,000 after purchasing an additional 395 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $884,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 2,014 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,099,840. This 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 hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock worth $16,580,166 over the last three months. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Down 1.6 %

Travelers Companies stock opened at $246.04 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $55.86 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $165.84 and a fifty-two week high of $269.55. The stock’s fifty day moving average is $238.72 and its two-hundred day moving average is $221.34.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share 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 quarter in the prior year, the company earned $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Analyst Ratings Changes

Several equities analysts have weighed in on TRV shares. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday. UBS Group boosted their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley decreased their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. BMO Capital Markets boosted their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group boosted their price objective on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus target price 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.