Stonebridge Financial Group LLC Makes New $161,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

Stonebridge Financial Group LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 670 shares of the insurance provider’s stock, valued at approximately $161,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Exchange Traded Concepts LLC bought a new position in Travelers Companies during the 3rd quarter worth approximately $899,000. ORG Wealth Partners LLC bought a new position in shares of Travelers Companies in the 3rd quarter worth about $68,000. CX Institutional increased its stake in shares of Travelers Companies by 1,264.7% during the third quarter. CX Institutional now owns 18,996 shares of the insurance provider’s stock valued at $4,447,000 after purchasing an additional 17,604 shares in the last quarter. Creative Planning increased its position in Travelers Companies by 3.5% during the 3rd quarter. Creative Planning now owns 84,571 shares of the insurance provider’s stock valued at $19,800,000 after buying an additional 2,875 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Travelers Companies by 8.2% in the 3rd quarter. Swedbank AB now owns 123,619 shares of the insurance provider’s stock worth $28,942,000 after purchasing an additional 9,377 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TRV shares. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Bank of America increased their price objective 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. Barclays lifted their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. Finally, Roth Mkm upped their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Stock Down 0.7 %

Shares of TRV opened at $240.69 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $244.04 and a 200 day moving average of $240.44. The company has a market cap of $54.64 billion, a PE ratio of 11.21, a P/E/G ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $7.01 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 20.57 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

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.