Executive Wealth Management LLC Invests $8.95 Million in The Travelers Companies, Inc. (NYSE:TRV)

Executive Wealth Management LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,219 shares of the insurance provider's stock, valued at approximately $8,948,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new stake in Travelers Companies in the third quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter valued at approximately $50,000. Finally, Salomon & Ludwin LLC grew its stake in Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock worth $65,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

TRV stock traded down $3.18 during trading on Tuesday, reaching $247.68. The company's stock had a trading volume of 2,138,284 shares, compared to its average volume of 1,306,484. The company's fifty day moving average is $252.16 and its 200-day moving average is $229.59. The Travelers Companies, Inc. has a 1 year low of $180.44 and a 1 year high of $269.55. The company has a market capitalization of $56.23 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its 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. 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 for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the company earned $1.95 EPS. The firm's quarterly revenue was up 11.9% on a year-over-year basis. On average, research analysts expect that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed 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 1.70%. Travelers Companies's payout ratio is 21.54%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TRV. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. HSBC upgraded Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a research report on Tuesday. BMO Capital Markets boosted their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their target price on Travelers Companies from $207.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and a consensus target price of $253.65.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company's stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were 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 directly owns 1,715 shares of the company's stock, valued at $446,671.75. The trade was a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,149 shares of company stock valued at $20,295,856. Insiders own 1.33% of the company's stock.

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.