R.H. Investment Group LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 20,211 shares of the insurance provider’s stock, valued at approximately $4,869,000. Travelers Companies accounts for about 4.6% of R.H. Investment Group LLC’s portfolio, making the stock its 8th biggest position.
A number of other institutional investors have also made changes to their positions in TRV. Franklin Resources Inc. boosted its holdings in Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Travelers Companies in the second quarter valued at about $9,798,000. Orion Portfolio Solutions LLC grew its position in Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after buying an additional 4,665 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Travelers Companies during the third quarter valued at about $50,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in Travelers Companies in the 3rd quarter valued at approximately $1,219,000. 82.45% of the stock is currently owned by institutional investors.
Travelers Companies Stock Up 1.6 %
Shares of NYSE:TRV opened at $237.15 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market cap of $53.84 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.17 and a beta of 0.65. The Travelers Companies, Inc. has a 12 month low of $194.54 and a 12 month high of $269.55. The company’s 50-day moving average price is $250.38 and its two-hundred day moving average price is $235.40.
Travelers Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $1.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.77%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.
Insider Transactions at Travelers Companies
In related news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 over the last 90 days. 1.33% of the stock is owned by insiders.
Analysts Set New Price Targets
TRV has been the topic of several recent research reports. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. UBS Group lifted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upgraded 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 report on Wednesday, January 8th. Finally, HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $254.65.
View Our Latest Stock Analysis on Travelers Companies
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.
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