Sawyer & Company Inc Has $5.01 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Sawyer & Company Inc lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,400 shares of the insurance provider’s stock after selling 509 shares during the quarter. Travelers Companies comprises 1.9% of Sawyer & Company Inc’s holdings, making the stock its 17th biggest position. Sawyer & Company Inc’s holdings in Travelers Companies were worth $5,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd acquired a new position in Travelers Companies in the second quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies during the first quarter worth about $35,000. Beacon Capital Management LLC raised its stake in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Travelers Companies during the first quarter worth about $42,000. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies during the first quarter worth about $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRV. Citigroup boosted 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. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Jefferies Financial Group boosted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on Travelers Companies from $206.00 to $207.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Barclays assumed coverage on Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price target on the stock. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $230.89.

Travelers Companies Trading Up 1.4 %

TRV traded up $3.38 during trading on Friday, hitting $236.58. The company’s stock had a trading volume of 932,564 shares, compared to its average volume of 1,043,600. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $243.48. The stock’s fifty day moving average price is $227.80 and its 200-day moving average price is $218.82. The firm has a market capitalization of $53.92 billion, a P/E ratio of 14.95, a PEG ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same period in the previous year, the company earned $0.06 earnings per share. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts anticipate that The Travelers Companies, Inc. will post 17.08 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s payout ratio is 26.55%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.33% of the stock is owned by insiders.

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.