Lifeworks Advisors LLC Acquires New Stake in The Travelers Companies, Inc. (NYSE:TRV)

Lifeworks Advisors LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,283 shares of the insurance provider's stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Ledyard National Bank lifted its holdings 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 last quarter. Trueblood Wealth Management LLC lifted its holdings in Travelers Companies by 2.3% during the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock worth $423,000 after purchasing an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider's stock worth $351,000 after purchasing an additional 42 shares during the last quarter. Willner & Heller LLC lifted its holdings in Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock worth $268,000 after purchasing an additional 45 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after acquiring an additional 45 shares during the period. Institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent research reports. Bank of America raised their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research note on Thursday, October 17th. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group lifted their price target on Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Four equities 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $247.90.

Travelers Companies Trading Up 1.7 %

Shares of NYSE:TRV traded up $4.30 during midday trading on Friday, reaching $260.82. The company's stock had a trading volume of 1,299,781 shares, compared to its average volume of 1,304,455. The firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.23 and a beta of 0.62. 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 firm has a 50 day moving average price of $243.91 and a two-hundred day moving average price of $223.99. The Travelers Companies, Inc. has a fifty-two week low of $169.18 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm's revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 1.61%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is currently 21.54%.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company's stock, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the company's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of 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 represents a 21.03 % decrease in their ownership of the stock. 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 company insiders.

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.