The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Northern Financial Advisors Inc

Northern Financial Advisors Inc increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 6,713 shares of the insurance provider’s stock after buying an additional 111 shares during the period. Travelers Companies accounts for about 1.2% of Northern Financial Advisors Inc’s holdings, making the stock its 26th largest holding. Northern Financial Advisors Inc’s holdings in Travelers Companies were worth $1,572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRV. Norden Group LLC acquired a new position in Travelers Companies during the first quarter worth about $1,207,000. Private Advisor Group LLC boosted its position in Travelers Companies by 1.6% during the first quarter. Private Advisor Group LLC now owns 24,900 shares of the insurance provider’s stock worth $5,731,000 after acquiring an additional 395 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Travelers Companies by 22.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,081 shares of the insurance provider’s stock worth $1,169,000 after acquiring an additional 916 shares during the last quarter. Tobam boosted its position in Travelers Companies by 10.2% during the first quarter. Tobam now owns 3,288 shares of the insurance provider’s stock worth $757,000 after acquiring an additional 305 shares during the last quarter. Finally, Choreo LLC raised its stake in Travelers Companies by 8.7% during the first quarter. Choreo LLC now owns 6,720 shares of the insurance provider’s stock worth $1,546,000 after purchasing an additional 539 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $5,840,163.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock worth $16,580,166 in the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $245.64 on Friday. 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 Travelers Companies, Inc. has a fifty-two week low of $165.84 and a fifty-two week high of $269.55. The company has a market cap of $55.77 billion, a P/E ratio of 12.60, a PEG ratio of 1.18 and a beta of 0.62. The firm’s 50 day moving average price is $239.19 and its 200 day moving average price is $221.50.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping 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 company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the business posted $1.95 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Analyst Ratings Changes

A number of equities analysts have commented on TRV shares. BMO Capital Markets lifted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Barclays lifted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Roth Mkm lifted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Citigroup lifted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $247.90.

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.