The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,109 shares of the insurance provider's stock after acquiring an additional 5,134 shares during the period. Travelers Companies accounts for 0.9% of First Horizon Advisors Inc.'s holdings, making the stock its 27th biggest position. First Horizon Advisors Inc. owned 0.06% of Travelers Companies worth $33,505,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TRV. Y.D. More Investments Ltd acquired a new position in Travelers Companies during the 2nd quarter valued at approximately $25,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies in the first quarter valued at $35,000. Beacon Capital Management LLC grew its position in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock worth $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC raised its stake 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 valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the third quarter worth about $50,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business's stock in a transaction that occurred on 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. The trade was a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the company's stock in a transaction on 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 owns 1,715 shares in the company, valued at $446,671.75. This trade represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,409 shares of company stock valued at $19,305,504 in the last quarter. Insiders own 1.33% of the company's stock.

Travelers Companies Trading Down 0.8 %

Shares of TRV traded down $2.15 during mid-day trading on Wednesday, reaching $257.12. The stock had a trading volume of 1,190,162 shares, compared to its average volume of 1,301,596. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The business's fifty day moving average is $245.28 and its 200 day moving average is $225.14. The Travelers Companies, Inc. has a 52-week low of $172.38 and a 52-week high of $269.55. The firm has a market cap of $58.37 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.25 and a beta of 0.62.

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, topping analysts' consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business's revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.63%. Travelers Companies's dividend payout ratio is currently 21.54%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRV. StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Monday. BMO Capital Markets lifted their price target on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Citigroup upped their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a "sell" rating in a research note on Tuesday, July 30th. Finally, Barclays lifted their price target on shares of Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $247.90.

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.