Northern Financial Advisors Inc Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Northern Financial Advisors Inc lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,713 shares of the insurance provider’s stock after purchasing an additional 111 shares during the period. Travelers Companies comprises 1.2% of Northern Financial Advisors Inc’s holdings, making the stock its 26th biggest position. Northern Financial Advisors Inc’s holdings in Travelers Companies were worth $1,572,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TRV. Norden Group LLC purchased a new stake in shares of Travelers Companies in the 1st quarter worth approximately $1,207,000. Private Advisor Group LLC raised its stake 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 acquiring an additional 395 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Travelers Companies by 22.0% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,081 shares of the insurance provider’s stock worth $1,169,000 after acquiring an additional 916 shares in the last quarter. Tobam raised its stake in shares of Travelers Companies by 10.2% during the 1st quarter. Tobam now owns 3,288 shares of the insurance provider’s stock worth $757,000 after acquiring an additional 305 shares in the last quarter. Finally, Choreo LLC raised its stake in shares of Travelers Companies by 8.7% during the 1st quarter. Choreo LLC now owns 6,720 shares of the insurance provider’s stock worth $1,546,000 after acquiring an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,999 shares of company stock worth $16,580,166. 1.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRV has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Morgan Stanley reduced their price objective on shares of 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. Bank of America boosted their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. BMO Capital Markets upped their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, UBS Group upped their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Stock Down 0.1 %

TRV stock opened at $245.64 on Friday. The firm has a market cap of $55.77 billion, a PE ratio of 12.60, a P/E/G ratio of 1.18 and a beta of 0.62. 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’s fifty day moving average is $239.19 and its 200 day moving average is $221.50. The Travelers Companies, Inc. has a one year low of $165.84 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for 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 firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $1.95 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Announces Dividend

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

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.