HB Wealth Management LLC Has $3.27 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

HB Wealth Management LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,563 shares of the insurance provider's stock after acquiring an additional 1,728 shares during the quarter. HB Wealth Management LLC's holdings in Travelers Companies were worth $3,267,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRV. Wolff Wiese Magana LLC grew its holdings in Travelers Companies by 39.1% during 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 period. True Wealth Design LLC acquired a new position in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the 3rd quarter valued at $50,000. Versant Capital Management Inc lifted its holdings in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its position in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock worth $65,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now directly owns 250,384 shares of the company's stock, valued at $65,237,551.20. The trade was a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maria Olivo sold 10,410 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares of the company's stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,684 shares of company stock worth $8,728,319. Insiders own 1.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Travelers Companies from $273.00 to $268.00 and set a "market perform" rating on the stock in a research note on Friday, January 10th. Barclays lowered their target price on Travelers Companies from $295.00 to $278.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price for the company in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and a consensus target price of $254.65.

Travelers Companies Price Performance

Shares of TRV stock traded down $2.72 on Monday, reaching $239.65. The company had a trading volume of 1,346,193 shares, compared to its average volume of 993,809. The business's 50-day moving average is $249.57 and its 200 day moving average is $236.18. The Travelers Companies, Inc. has a one year low of $195.57 and a one year high of $269.55. 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 market capitalization of $54.41 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 18.94 EPS for the current fiscal year.

Travelers Companies Company 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.