Steigerwald Gordon & Koch Inc. Decreases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Steigerwald Gordon & Koch Inc. cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,927 shares of the insurance provider’s stock after selling 537 shares during the period. Travelers Companies makes up about 2.6% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 14th largest holding. Steigerwald Gordon & Koch Inc.’s holdings in Travelers Companies were worth $23,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wolff Wiese Magana LLC grew its holdings in Travelers Companies by 39.1% in 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 in the last quarter. True Wealth Design LLC acquired a new position in shares of Travelers Companies during the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at about $50,000. Versant Capital Management Inc increased its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its stake in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRV shares. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Piper Sandler cut their target price on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets increased their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $254.65.

Insider Transactions at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Down 1.1 %

Travelers Companies stock opened at $239.65 on Friday. The firm has a market capitalization of $54.41 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.01 and a beta of 0.65. 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 twelve month low of $195.57 and a twelve month high of $269.55. The stock’s fifty day simple moving average is $249.57 and its 200-day simple moving average is $235.73.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 EPS. As a group, equities analysts expect that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

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.