Tudor Financial Inc. Takes $983,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Tudor Financial Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,200 shares of the insurance provider's stock, valued at approximately $983,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ledyard National Bank grew its holdings in Travelers Companies by 1.9% during the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock valued at $484,000 after purchasing an additional 39 shares during the period. Trueblood Wealth Management LLC grew its holdings in Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock valued at $423,000 after purchasing an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. grew its holdings in Travelers Companies by 2.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider's stock valued at $351,000 after purchasing an additional 42 shares during the period. Willner & Heller LLC grew its holdings in Travelers Companies by 4.1% during the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock valued at $268,000 after purchasing an additional 45 shares during the period. Finally, Wolff Wiese Magana LLC grew its holdings in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 45 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Down 0.5 %

Shares of NYSE:TRV traded down $1.26 on Thursday, reaching $243.88. 1,468,700 shares of the company traded hands, compared to its average volume of 1,310,663. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $55.37 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.63. The Travelers Companies, Inc. has a 52 week low of $181.03 and a 52 week high of $269.55. The business's 50-day simple moving average is $252.61 and its 200 day simple moving average is $229.94.

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

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.72%. Travelers Companies's payout ratio is presently 21.54%.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company's stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 over the last ninety days. 1.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on TRV. Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research report on Thursday, October 17th. HSBC upgraded 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 downgraded Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. Finally, Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $251.70.

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.