Orion Portfolio Solutions LLC lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 34.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,144 shares of the insurance provider's stock after purchasing an additional 4,665 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Travelers Companies were worth $4,248,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in Travelers Companies by 9.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 144,889 shares of the insurance provider's stock valued at $29,462,000 after acquiring an additional 12,161 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Travelers Companies by 36.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,943 shares of the insurance provider's stock worth $598,000 after buying an additional 782 shares in the last quarter. ORG Partners LLC raised its stake in shares of Travelers Companies by 199.1% during the 2nd quarter. ORG Partners LLC now owns 1,026 shares of the insurance provider's stock worth $208,000 after buying an additional 683 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Travelers Companies by 11.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 613 shares of the insurance provider's stock worth $125,000 after buying an additional 65 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Travelers Companies by 1.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 20,443 shares of the insurance provider's stock worth $4,157,000 after buying an additional 361 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Travelers Companies
In other news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies 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 sale, the executive vice president now directly owns 16,976 shares of the company's stock, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. 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 three months. 1.33% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
TRV has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price objective 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. UBS Group raised their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Barclays raised their price objective on Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Roth Mkm raised their price objective 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, HSBC raised Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $253.65.
Get Our Latest Analysis on TRV
Travelers Companies Trading Down 1.3 %
Shares of TRV traded down $3.18 during trading hours on Tuesday, hitting $247.68. The stock had a trading volume of 2,138,284 shares, compared to its average volume of 1,306,484. 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 market cap of $56.23 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.24 and a beta of 0.63. The company's fifty day simple moving average is $252.16 and its 200 day simple moving average is $229.59. The Travelers Companies, Inc. has a 12-month low of $180.44 and a 12-month high of $269.55.
Travelers Companies (NYSE:TRV - Get Free Report) last issued its 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 business 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 business's quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the company posted $1.95 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.
Travelers Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.
Travelers Companies Company Profile
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Free Report)
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.
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