Park Avenue Securities LLC Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Park Avenue Securities LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 46.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,978 shares of the insurance provider's stock after buying an additional 3,180 shares during the period. Park Avenue Securities LLC's holdings in Travelers Companies were worth $2,404,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies in the third quarter worth about $50,000. Versant Capital Management Inc boosted its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock worth $61,000 after acquiring an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its stake in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock valued at $65,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Down 1.1 %

NYSE TRV traded down $2.72 during trading on Friday, reaching $239.65. 1,346,193 shares of the company's stock were exchanged, compared to its average volume of 993,809. The company has a 50 day moving average price of $249.57 and a two-hundred day moving average price of $235.73. The stock has a market cap of $54.41 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. The Travelers Companies, Inc. has a 1 year low of $195.57 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results 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. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the company posted $1.95 earnings per share. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 18.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Roth Mkm boosted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Bank of America raised their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research report on Thursday, October 17th. Piper Sandler dropped their price target on shares of Travelers Companies from $280.00 to $259.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, HSBC upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $254.65.

Insider Activity

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the company's stock in a transaction 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 owns 16,976 shares in the company, valued at $4,302,736.96. This represents a 21.03 % 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, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,149 shares of company stock worth $20,295,856. Corporate insiders own 1.33% of the company's stock.

About Travelers Companies

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.