Net Worth Advisory Group Makes New $1.25 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

Net Worth Advisory Group acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,334 shares of the insurance provider’s stock, valued at approximately $1,249,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cornell Pochily Investment Advisors Inc. increased its holdings in Travelers Companies by 2.9% in the third 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. Willner & Heller LLC boosted its position in shares of Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. Drive Wealth Management LLC raised its position in shares of Travelers Companies by 2.8% during the 2nd quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock worth $360,000 after acquiring an additional 48 shares in the last quarter. Finally, Kapitalo Investimentos Ltda lifted its stake in Travelers Companies by 24.1% during the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 49 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRV. Bank of America increased their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday. Morgan Stanley reduced their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Wells Fargo & Company raised their price objective on Travelers Companies from $206.00 to $207.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. The Goldman Sachs Group boosted their target price on Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group raised their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $235.42.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Stock Up 0.2 %

Shares of NYSE:TRV opened at $265.45 on Friday. The company has a market cap of $60.50 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $269.55. The firm’s 50-day simple moving average is $231.88 and its 200-day simple moving average is $219.65. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 EPS. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.09 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 26.55%.

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.