Ballentine Partners LLC Grows Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Ballentine Partners LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 22.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,648 shares of the insurance provider's stock after acquiring an additional 2,345 shares during the quarter. Ballentine Partners LLC's holdings in Travelers Companies were worth $3,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Franklin Resources Inc. raised its holdings in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after acquiring an additional 38,515 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Travelers Companies during the 2nd quarter valued at $9,798,000. Orion Portfolio Solutions LLC raised its holdings in Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock worth $4,248,000 after purchasing an additional 4,665 shares in the last quarter. Czech National Bank lifted its position in shares of Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock worth $11,857,000 after purchasing an additional 2,792 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded down $0.65 during trading hours on Tuesday, hitting $238.87. The company's stock had a trading volume of 2,637,599 shares, compared to its average volume of 1,466,211. The company has a market cap of $54.23 billion, a PE ratio of 12.25, a PEG ratio of 1.05 and a beta of 0.65. 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 business has a 50 day moving average price of $249.19 and a two-hundred day moving average price of $236.44. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 10,410 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,684 shares of company stock valued at $7,946,669. Corporate insiders own 1.33% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays lowered their price objective on shares of Travelers Companies from $295.00 to $278.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their target price on shares of Travelers Companies from $273.00 to $268.00 and set a "market perform" rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, UBS Group boosted their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $254.65.

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.