Global Trust Asset Management LLC Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Global Trust Asset Management LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,334 shares of the insurance provider’s stock after buying an additional 196 shares during the period. Global Trust Asset Management LLC’s holdings in Travelers Companies were worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. FMR LLC increased its holdings in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. International Assets Investment Management LLC grew its position in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after buying an additional 518,075 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after buying an additional 282,884 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Travelers Companies during the third quarter worth approximately $54,988,000. Finally, Janus Henderson Group PLC raised its holdings in Travelers Companies by 216.3% in the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after acquiring an additional 232,428 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TRV shares. Piper Sandler dropped their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Wells Fargo & Company cut their price target on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. BMO Capital Markets upped their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $254.65.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on 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 owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,684 shares of company stock valued at $5,384,969 over the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $238.87 on Wednesday. The stock’s 50-day moving average price is $248.81 and its 200 day moving average price is $236.70. 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 stock has a market capitalization of $54.23 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.01 earnings per share. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 19 EPS for the current 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.