Eagle Bay Advisors LLC Has $156,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Eagle Bay Advisors LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 649 shares of the insurance provider’s stock after selling 159 shares during the period. Eagle Bay Advisors LLC’s holdings in Travelers Companies were worth $156,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TRV. Wolff Wiese Magana LLC boosted its stake in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new position in Travelers Companies during the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies during the 3rd quarter valued at about $50,000. Versant Capital Management Inc boosted its stake in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction dated 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 directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock worth $20,295,856. Corporate insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TRV shares. Keefe, Bruyette & Woods cut their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research note on Friday. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. 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 report on Tuesday, October 22nd. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. Finally, Bank of America lifted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $254.85.

Travelers Companies Price Performance

Shares of TRV traded up $0.62 during mid-day trading on Monday, reaching $233.05. 483,379 shares of the stock traded hands, compared to its average volume of 1,186,900. The firm has a fifty day moving average price of $250.73 and a 200 day moving average price of $234.97. The company has a market cap of $52.91 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1 year low of $194.54 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during 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 business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 EPS. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.80%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

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.