SGL Investment Advisors Inc. Buys New Stake in The Travelers Companies, Inc. (NYSE:TRV)

SGL Investment Advisors Inc. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,459 shares of the insurance provider's stock, valued at approximately $4,992,000. Travelers Companies accounts for 2.5% of SGL Investment Advisors Inc.'s investment portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in Travelers Companies during the 2nd quarter valued at approximately $25,000. Wolff Wiese Magana LLC boosted 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 valued at $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC purchased a new stake in Travelers Companies in the third quarter worth $41,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the third quarter worth $50,000. Finally, Salomon & Ludwin LLC lifted its position in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock valued at $65,000 after buying an additional 50 shares during the period. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $8.53 on Monday, hitting $252.62. 770,610 shares of the company's stock were exchanged, compared to its average volume of 1,299,143. 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 stock has a market capitalization of $57.35 billion, a PE ratio of 13.39, a PEG ratio of 1.24 and a beta of 0.63. The Travelers Companies, Inc. has a 1 year low of $180.44 and a 1 year high of $269.55. The company has a 50-day simple moving average of $251.80 and a 200-day simple moving average of $229.31.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. Travelers Companies's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 1.66%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

Wall Street Analyst Weigh In

TRV has been the subject of several research reports. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. UBS Group lifted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Janney Montgomery Scott cut Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. Finally, Jefferies Financial Group increased their target price 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, fifteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $251.15.

Insider Buying and Selling at Travelers Companies

In other news, EVP Diane Kurtzman sold 3,941 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,715 shares in the company, valued at $446,671.75. The trade was a 69.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the 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 of the company's stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. 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 90 days. 1.33% of the stock is currently owned by corporate insiders.

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.