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

Sylvest Advisors LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,837 shares of the insurance provider's stock, valued at approximately $443,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Wolff Wiese Magana LLC increased its position in shares of 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 purchasing an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new position in Travelers Companies during the third quarter worth about $41,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter valued at about $50,000. Versant Capital Management Inc raised its stake in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 215 shares during the period. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock worth $65,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $245.31 on Friday. The stock's 50-day simple moving average is $246.75 and its 200-day simple moving average is $238.45. The firm has a market capitalization of $55.69 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week 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 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter last year, the company earned $7.01 earnings per share. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 20.6 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.71%. Travelers Companies's dividend payout ratio is presently 19.56%.

Insiders Place Their Bets

In other news, EVP Maria Olivo sold 10,410 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. Janney Montgomery Scott cut Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. Barclays lifted their target price on Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group increased their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average price target of $260.47.

Travelers Companies 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.

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