21,250 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,250 shares of the insurance provider's stock, valued at approximately $4,975,000. Travelers Companies makes up about 1.2% of J. W. Coons Advisors LLC's portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in shares of Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider's stock valued at $10,481,000 after buying an additional 35,560 shares during the period. GAMMA Investing LLC increased its position in Travelers Companies by 162.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider's stock worth $1,002,000 after purchasing an additional 3,050 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter worth about $17,303,000. Cetera Advisors LLC raised its stake 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 worth $2,531,000 after purchasing an additional 4,724 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Travelers Companies during the 1st quarter valued at about $26,618,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company's stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. This represents a 69.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,999 shares of company stock worth $16,580,166. Corporate insiders own 1.33% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TRV. Bank of America raised their price objective 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. Roth Mkm boosted their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Finally, Barclays upped their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and an average price target of $247.90.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $1.57 during trading on Monday, hitting $262.39. 500,853 shares of the company's stock traded hands, compared to its average volume of 1,300,852. The Travelers Companies, Inc. has a twelve month low of $170.88 and a twelve month 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. The company has a market cap of $59.57 billion, a PE ratio of 13.38, a PEG ratio of 1.25 and a beta of 0.62. The firm's fifty day moving average price is $244.44 and its 200 day moving average price is $224.48.

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, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 EPS. Analysts forecast that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

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.