The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 52.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,676 shares of the insurance provider's stock after purchasing an additional 3,332 shares during the period. Townsquare Capital LLC's holdings in Travelers Companies were worth $2,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ledyard National Bank raised its stake in shares of Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock worth $484,000 after purchasing an additional 39 shares during the last quarter. Trueblood Wealth Management LLC increased its position in Travelers Companies by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock worth $423,000 after buying an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew 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 buying an additional 42 shares in the last quarter. Willner & Heller LLC lifted its holdings in shares of Travelers Companies by 4.1% in the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock worth $268,000 after buying an additional 45 shares in the last quarter. Finally, Wolff Wiese Magana LLC grew its position 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 buying an additional 45 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the company'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 in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Down 0.2 %

Shares of TRV traded down $0.62 during mid-day trading on Friday, hitting $266.04. 770,668 shares of the company traded hands, compared to its average volume of 1,203,327. The Travelers Companies, Inc. has a 1-year low of $177.61 and a 1-year high of $269.55. 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 company has a market capitalization of $60.40 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The business has a 50 day moving average of $249.31 and a 200 day moving average of $227.65.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the company posted $1.95 earnings per share. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 annualized dividend and a yield of 1.58%. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRV. Barclays upped their price objective 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. Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Finally, Bank of America upped their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $251.15.

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.