The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Concord Asset Management LLC VA

Concord Asset Management LLC VA lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 13.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,306 shares of the insurance provider’s stock after acquiring an additional 875 shares during the quarter. Concord Asset Management LLC VA’s holdings in Travelers Companies were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in shares of Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after purchasing an additional 35,560 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Travelers Companies by 162.6% in the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after buying an additional 3,050 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at about $17,303,000. Cetera Advisors LLC grew its stake in shares of Travelers Companies by 75.3% in the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after buying an additional 4,724 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Travelers Companies in the first quarter valued at about $26,618,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. The trade was a 69.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays increased their target price on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their price objective on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average target price of $247.90.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $260.82 on Friday. The stock has a market capitalization of $59.21 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.25 and a beta of 0.62. The firm’s 50-day moving average price is $244.44 and its two-hundred day moving average price is $224.40. The Travelers Companies, Inc. has a 52-week low of $169.18 and a 52-week high of $269.55. 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 released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Travelers Companies Company 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.