Atria Investments Inc Takes $4.88 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Atria Investments Inc acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,859 shares of the insurance provider's stock, valued at approximately $4,884,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Essex Savings Bank grew its holdings in shares of Travelers Companies by 56.5% during the third quarter. Essex Savings Bank now owns 2,492 shares of the insurance provider's stock valued at $583,000 after purchasing an additional 900 shares during the last quarter. Tompkins Financial Corp grew its holdings in Travelers Companies by 40.6% in the 3rd quarter. Tompkins Financial Corp now owns 759 shares of the insurance provider's stock worth $178,000 after buying an additional 219 shares in the last quarter. Assetmark Inc. grew its holdings in Travelers Companies by 2.5% in the 3rd quarter. Assetmark Inc. now owns 2,721 shares of the insurance provider's stock worth $637,000 after buying an additional 67 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in Travelers Companies by 1.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 24,921 shares of the insurance provider's stock worth $5,835,000 after buying an additional 298 shares in the last quarter. Finally, Executive Wealth Management LLC bought a new position in Travelers Companies in the 3rd quarter worth approximately $8,948,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Down 0.5 %

Travelers Companies stock traded down $1.32 during mid-day trading on Wednesday, hitting $256.67. 871,013 shares of the company's stock were exchanged, compared to its average volume of 1,305,525. 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 stock has a market cap of $58.27 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $167.08 and a 1-year high of $269.55. The stock has a 50 day moving average of $242.91 and a two-hundred day moving average of $223.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating 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%. The firm's revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $1.95 earnings per share. As a group, analysts anticipate that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is presently 21.54%.

Insider Activity at Travelers Companies

In related news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andy F. Bessette sold 4,520 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares of the company's stock, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,999 shares of company stock worth $16,580,166. Company insiders own 1.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRV shares. Deutsche Bank Aktiengesellschaft increased their price target on Travelers Companies from $221.00 to $234.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a research report on Friday, October 18th. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. UBS Group increased their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Finally, Citigroup increased their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a "sell" rating in a research report on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $247.90.

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.