2,999 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,999 shares of the insurance provider's stock, valued at approximately $702,000.

A number of other hedge funds have also modified their holdings of TRV. Ledyard National Bank raised its position in shares of Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock worth $484,000 after acquiring an additional 39 shares in the last quarter. Trueblood Wealth Management LLC boosted its position in shares of Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock valued at $423,000 after buying an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. raised its stake in Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider's stock worth $351,000 after acquiring an additional 42 shares during the period. Willner & Heller LLC grew its position in Travelers Companies by 4.1% in the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its stake in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after acquiring an additional 45 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $247.90.

Insider Buying and Selling

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The stock was 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 directly owns 16,976 shares in the company, valued at $4,302,736.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Andy F. Bessette sold 4,520 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares of the company's stock, valued at $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 SEC, which is available through this link. Also, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares of the company's stock, valued at approximately $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock valued at $16,580,166 over the last quarter. Corporate insiders own 1.33% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV stock traded down $0.37 during midday trading on Tuesday, hitting $257.99. The company had a trading volume of 926,171 shares, compared to its average volume of 1,307,488. The stock has a market cap of $58.57 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.24 and a beta of 0.62. The company's 50 day simple moving average is $242.31 and its 200 day simple moving average is $223.21. The Travelers Companies, Inc. has a 52-week low of $167.08 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the firm earned $1.95 earnings per share. The company's revenue was up 11.9% on a year-over-year basis. Research analysts anticipate that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's payout ratio is presently 21.54%.

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.