The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 117.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,129 shares of the insurance provider's stock after purchasing an additional 3,312 shares during the period. EP Wealth Advisors LLC's holdings in Travelers Companies were worth $1,435,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ledyard National Bank boosted its position in shares of Travelers Companies by 1.9% during the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock worth $484,000 after buying an additional 39 shares during the period. Trueblood Wealth Management LLC lifted its stake in Travelers Companies by 2.3% during the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock worth $423,000 after acquiring an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. boosted its holdings in Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider's stock valued at $351,000 after acquiring an additional 42 shares during the period. Willner & Heller LLC grew its position in Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock valued at $268,000 after acquiring an additional 45 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in 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 during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the company's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 in the last 90 days. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Performance

Shares of TRV stock traded down $3.18 during mid-day trading on Tuesday, hitting $247.68. 2,138,284 shares of the stock were exchanged, compared to its average volume of 1,306,484. The stock's fifty day simple moving average is $252.16 and its two-hundred day simple moving average is $229.59. 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 Travelers Companies, Inc. has a 12-month low of $180.44 and a 12-month high of $269.55. The stock has a market capitalization of $56.23 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.24 and a beta of 0.63.

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, topping 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 for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the business posted $1.95 EPS. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.70%. Travelers Companies's payout ratio is 21.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TRV. BMO Capital Markets raised their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. HSBC raised Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a research report on Tuesday. Janney Montgomery Scott lowered 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. Finally, Wells Fargo & Company upped their price target on Travelers Companies from $207.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus target price of $253.65.

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.