Baker Tilly Wealth Management LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,097 shares of the insurance provider’s stock after acquiring an additional 351 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Travelers Companies were worth $987,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies during the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC boosted its stake in Travelers Companies by 39.1% during the third 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. True Wealth Design LLC purchased a new position in Travelers Companies during the third quarter worth about $41,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the 3rd quarter worth about $50,000. Finally, Versant Capital Management Inc raised its holdings in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on TRV shares. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research note on Wednesday. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. BMO Capital Markets raised their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $217.00 target price (down previously from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $255.10.
Insider Buying and Selling at Travelers Companies
In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction 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 $57,726,870.88. This trade represents a 15.44 % 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. Also, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by company insiders.
Travelers Companies Trading Down 3.6 %
NYSE:TRV traded down $8.85 during trading hours on Friday, hitting $233.92. The company had a trading volume of 447,119 shares, compared to its average volume of 1,070,346. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a 50-day moving average price of $250.99 and a 200 day moving average price of $234.44. The company has a market capitalization of $53.10 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The Travelers Companies, Inc. has a 52 week low of $191.88 and a 52 week high of $269.55.
Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts predict that The Travelers Companies, Inc. will post 18.84 EPS for the current fiscal year.
Travelers Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. Travelers Companies’s dividend payout ratio (DPR) is 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.
See Also
- Five stocks we like better than Travelers Companies
- When to Sell a Stock for Profit or Loss
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- What is the Euro STOXX 50 Index?
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
- Health Care Stocks Explained: Why You Might Want to Invest
- 3 EV Stocks Offering Unique Alternatives to Tesla
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.