Folger Nolan Fleming Douglas Capital Management Inc. Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 15.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,899 shares of the insurance provider’s stock after selling 520 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Travelers Companies were worth $698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Ledyard National Bank lifted its position in Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 39 shares during the period. Trueblood Wealth Management LLC lifted its holdings in shares of Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after purchasing an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. grew its position in Travelers Companies by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares during the last quarter. Salem Investment Counselors Inc. raised its position in Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after buying an additional 44 shares during the last quarter. Finally, Willner & Heller LLC boosted its holdings in shares of Travelers Companies by 4.1% in the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 1.1 %

TRV opened at $239.65 on Friday. The company has a market cap of $54.41 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 1 year low of $195.57 and a 1 year high of $269.55. The firm has a 50 day moving average price of $249.91 and a 200 day moving average price of $235.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.95 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 18.94 earnings per share for the current year.

Insider Transactions at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on 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. The trade was a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 over the last quarter. Company insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TRV shares. Bank of America increased their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Tuesday, December 10th. Royal Bank of Canada increased their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Barclays lowered their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $254.65.

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.