Agate Pass Investment Management LLC Takes $861,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Agate Pass Investment Management LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,575 shares of the insurance provider’s stock, valued at approximately $861,000.

A number of other institutional investors have also made changes to their positions in the business. Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the period. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth about $41,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth about $50,000. Versant Capital Management Inc grew its position in shares of Travelers Companies by 581.1% in the fourth 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 grew its holdings in Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.2 %

NYSE:TRV traded up $0.49 during trading hours on Monday, reaching $232.92. The company had a trading volume of 523,222 shares, compared to its average volume of 1,195,122. The business’s 50-day simple moving average is $250.73 and its two-hundred day simple moving average is $234.97. The Travelers Companies, Inc. has a twelve month low of $194.54 and a twelve month high of $269.55. The firm has a market cap of $52.88 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 1.17 and a beta of 0.65. 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 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 period in the previous year, the company posted $1.95 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts expect that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on TRV shares. Barclays dropped their price objective on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company reiterated an “underweight” rating and issued a $217.00 price target (down from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. Jefferies Financial Group raised their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research report on Friday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $254.85.

Insiders Place Their Bets

In other Travelers Companies news, 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 value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company’s stock.

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.