Delta Financial Advisors LLC Buys 364 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Delta Financial Advisors LLC grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 3.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,211 shares of the insurance provider’s stock after acquiring an additional 364 shares during the quarter. Delta Financial Advisors LLC’s holdings in Travelers Companies were worth $2,859,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter worth approximately $50,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

TRV stock opened at $256.89 on Monday. The stock has a 50-day moving average price of $241.70 and a two-hundred day moving average price of $222.90. The stock has a market cap of $58.32 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1 year low of $167.08 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (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 analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. Equities analysts forecast 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 issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Wall Street Analyst Weigh In

TRV has been the topic of several recent analyst reports. Roth Mkm boosted their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays boosted their target price on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $247.90.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 sale, the chief executive officer now owns 221,924 shares of the company’s stock, 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 sold 63,999 shares of company stock worth $16,580,166 in the last quarter. Corporate insiders own 1.33% of the company’s stock.

About Travelers Companies

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.