Executive Wealth Management LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 38,219 shares of the insurance provider's stock, valued at approximately $8,948,000. Travelers Companies accounts for approximately 1.1% of Executive Wealth Management LLC's portfolio, making the stock its 27th largest position.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers boosted its position in shares of Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider's stock worth $10,481,000 after purchasing an additional 35,560 shares in the last quarter. GAMMA Investing LLC grew its stake in Travelers Companies by 162.6% in the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider's stock valued at $1,002,000 after acquiring an additional 3,050 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Travelers Companies in the second quarter worth about $17,303,000. Cetera Advisors LLC lifted its holdings in shares of Travelers Companies by 75.3% during the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider's stock valued at $2,531,000 after purchasing an additional 4,724 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Travelers Companies in the 1st quarter valued at approximately $26,618,000. Institutional investors own 82.45% of the company's stock.
Insider Transactions at Travelers Companies
In other Travelers Companies 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 transaction of $1,145,639.20. Following 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 filing with the SEC, which is available at the SEC website. In other Travelers Companies news, 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of 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 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is owned by corporate insiders.
Travelers Companies Stock Performance
Shares of TRV stock traded up $4.61 on Friday, hitting $256.89. The company's stock had a trading volume of 1,333,510 shares, compared to its average volume of 1,310,623. The Travelers Companies, Inc. has a fifty-two week low of $167.08 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock's 50 day moving average is $241.70 and its 200-day moving average is $222.78. The company has a market capitalization of $58.32 billion, a PE ratio of 13.17, a PEG ratio of 1.22 and a beta of 0.62.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $1.95 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 18.53 earnings per share 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. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. Travelers Companies's payout ratio is 21.54%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target 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. Royal Bank of Canada increased their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. TD Cowen cut Travelers Companies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Finally, UBS Group upped their price target on Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $247.90.
Check Out Our Latest Report on TRV
Travelers Companies Profile
(
Free Report)
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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