Executive Wealth Management LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,219 shares of the insurance provider's stock, valued at approximately $8,948,000. Travelers Companies makes up 1.1% of Executive Wealth Management LLC's portfolio, making the stock its 27th biggest holding.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TRV. Cetera Investment Advisers boosted its position in shares of Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider's stock worth $10,481,000 after buying an additional 35,560 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider's stock worth $1,002,000 after purchasing an additional 3,050 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in Travelers Companies during the 2nd quarter worth about $17,303,000. Cetera Advisors LLC lifted its stake in shares of Travelers Companies by 75.3% during the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider's stock worth $2,531,000 after purchasing an additional 4,724 shares during the period. Finally, Swedbank AB acquired a new position in Travelers Companies in the first quarter valued at $26,618,000. Institutional investors and hedge funds own 82.45% of the company's stock.
In related news, Vice Chairman William H. Heyman sold 2,014 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Vice Chairman William H. Heyman sold 2,014 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $65,099,840. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on 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 transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,999 shares of company stock worth $16,580,166 in the last ninety days. 1.33% of the stock is owned by insiders.
TRV has been the subject of several recent analyst reports. Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the company a "sell" rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Royal Bank of Canada increased their price target 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. Barclays upped their price objective on Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their target price on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $247.90.
View Our Latest Report on TRV
TRV stock opened at $256.89 on Friday. The stock's 50 day simple moving average is $241.70 and its 200 day simple moving average is $222.78. The Travelers Companies, Inc. has a 12-month low of $167.08 and a 12-month high of $269.55. The firm has a market cap of $58.32 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.22 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.
Travelers Companies (NYSE:TRV - Get Free Report) last posted 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the firm posted $1.95 EPS. The company's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 18.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.63%. Travelers Companies's dividend payout ratio is presently 21.54%.
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.
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