LRI Investments LLC Buys 2,141 Shares of The Travelers Companies, Inc. (NYSE:TRV)

LRI Investments LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 50.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,364 shares of the insurance provider's stock after purchasing an additional 2,141 shares during the quarter. LRI Investments LLC's holdings in Travelers Companies were worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in Travelers Companies during the second quarter valued at $25,000. Wolff Wiese Magana LLC raised its holdings in shares of Travelers Companies by 39.1% in the 3rd 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 in the last quarter. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies during the third quarter worth about $50,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of 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 in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 3.5 %

TRV traded down $9.23 during midday trading on Monday, reaching $251.92. The company's stock had a trading volume of 1,710,511 shares, compared to its average volume of 1,303,442. The Travelers Companies, Inc. has a 1 year low of $180.44 and a 1 year high of $269.55. The stock's 50-day moving average is $251.80 and its 200-day moving average is $229.31. The firm has a market capitalization of $57.19 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.24 and a beta of 0.63. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 EPS. As a group, research analysts expect that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.67%. Travelers Companies's payout ratio is currently 21.54%.

Insider Activity at Travelers Companies

In other 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Kurtzman sold 3,941 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. This represents a 69.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRV. Barclays lifted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Bank of America lifted their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $251.15.

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.