IHT Wealth Management LLC Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

IHT Wealth Management LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 71.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,579 shares of the insurance provider's stock after purchasing an additional 4,816 shares during the period. IHT Wealth Management LLC's holdings in Travelers Companies were worth $2,716,000 at the end of the most recent quarter.

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

Travelers Companies Price Performance

TRV traded up $1.53 during trading on Thursday, reaching $263.31. The company's stock had a trading volume of 1,718,594 shares, compared to its average volume of 1,302,633. 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 firm has a fifty day simple moving average of $251.30 and a two-hundred day simple moving average of $228.81. The company has a market cap of $59.78 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.24 and a beta of 0.63. The Travelers Companies, Inc. has a 1 year low of $180.44 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $11.46 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TRV shares. BMO Capital Markets raised their price objective 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. Bank of America raised their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. Jefferies Financial Group increased 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. Roth Mkm lifted their price target on Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Finally, UBS Group increased 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 investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $251.15.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares of the company's stock, valued at approximately $4,302,736.96. This trade 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 over the last ninety days. Company 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.