Bard Financial Services Inc. Has $884,000 Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Bard Financial Services Inc. decreased its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 39.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,775 shares of the insurance provider's stock after selling 2,410 shares during the period. Bard Financial Services Inc.'s holdings in Travelers Companies were worth $884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. State Street Corp increased its holdings in shares of Travelers Companies by 0.8% in the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock valued at $3,644,532,000 after purchasing an additional 120,228 shares during the period. FMR LLC grew its stake in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after buying an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC raised its holdings in Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock worth $1,187,865,000 after acquiring an additional 114,714 shares during the period. Dimensional Fund Advisors LP lifted its position in Travelers Companies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider's stock worth $619,241,000 after acquiring an additional 165,708 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Travelers Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider's stock valued at $474,774,000 after acquiring an additional 37,029 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Roth Mkm boosted their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. UBS Group upped their price target on Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $251.70.

Travelers Companies Price Performance

NYSE:TRV traded down $1.69 during trading hours on Thursday, reaching $243.45. The company had a trading volume of 926,515 shares, compared to its average volume of 1,308,285. 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 50-day moving average of $252.61 and a two-hundred day moving average of $229.94. The Travelers Companies, Inc. has a one year low of $181.03 and a one year high of $269.55. The firm has a market capitalization of $55.27 billion, a PE ratio of 12.57, a PEG ratio of 1.19 and a beta of 0.63.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is currently 21.54%.

Insider Transactions at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 in the last three months. 1.33% of the stock is owned by corporate insiders.

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.