Clarity Financial LLC Takes $455,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Clarity Financial LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,945 shares of the insurance provider’s stock, valued at approximately $455,000.

A number of other institutional investors have also recently modified their holdings of the business. United Advisor Group LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at about $313,000. Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the third quarter worth $50,000. QRG Capital Management Inc. grew its stake in shares of Travelers Companies by 14.0% in the third quarter. QRG Capital Management Inc. now owns 62,534 shares of the insurance provider’s stock worth $14,641,000 after acquiring an additional 7,689 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Travelers Companies by 4.0% in the third quarter. Asset Management One Co. Ltd. now owns 192,585 shares of the insurance provider’s stock worth $45,088,000 after acquiring an additional 7,410 shares in the last quarter. Finally, National Pension Service grew its stake in shares of Travelers Companies by 12.3% in the third quarter. National Pension Service now owns 674,518 shares of the insurance provider’s stock worth $157,918,000 after acquiring an additional 73,888 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 1.2 %

NYSE TRV opened at $242.81 on Tuesday. The stock has a market capitalization of $55.12 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.18 and a beta of 0.62. The Travelers Companies, Inc. has a 52-week low of $167.08 and a 52-week high of $269.55. The firm has a 50-day moving average price of $239.59 and a 200 day moving average price of $221.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share 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 analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Insiders Place Their Bets

In other news, EVP Andy F. Bessette sold 4,520 shares of the firm’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 transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,999 shares of company stock valued at $16,580,166 over the last quarter. Company insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TRV. Bank of America boosted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Four 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $247.90.

About Travelers Companies

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.