Eagle Rock Investment Company LLC Has $3.21 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Eagle Rock Investment Company LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,311 shares of the insurance provider's stock after selling 3,021 shares during the quarter. Eagle Rock Investment Company LLC's holdings in Travelers Companies were worth $3,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted its stake in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock worth $121,811,000 after purchasing an additional 518,075 shares in the last quarter. Bank of Montreal Can boosted its holdings in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock worth $166,645,000 after purchasing an additional 282,884 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Travelers Companies during the third quarter valued at about $54,988,000. Finally, Janus Henderson Group PLC lifted its position in shares of Travelers Companies by 216.3% in the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider's stock worth $79,582,000 after buying an additional 232,428 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a 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 that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,149 shares of company stock worth $20,295,856. Company insiders own 1.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TRV shares. Wells Fargo & Company lowered their price objective on Travelers Companies from $217.00 to $213.00 and set an "underweight" rating on the stock in a report on Tuesday. Barclays lowered their price target on Travelers Companies from $295.00 to $278.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods reduced their price objective on shares of Travelers Companies from $273.00 to $268.00 and set a "market perform" rating for the company in a research note on Friday, January 10th. HSBC upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research note on Tuesday, December 10th. Finally, UBS Group boosted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $254.65.

Travelers Companies Stock Performance

TRV traded down $2.72 during trading on Friday, reaching $239.65. 1,346,193 shares of the company's stock were exchanged, compared to its average volume of 1,359,736. The company has a market capitalization of $54.41 billion, a P/E ratio of 12.29, a PEG ratio of 1.01 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $249.91 and a 200 day moving average price of $235.48. The Travelers Companies, Inc. has a fifty-two week low of $195.57 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. The company 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 firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $1.95 EPS. As a group, analysts predict that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

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.