Olstein Capital Management L.P. Has $7.49 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Olstein Capital Management L.P. increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,000 shares of the insurance provider’s stock after buying an additional 1,000 shares during the period. Olstein Capital Management L.P.’s holdings in Travelers Companies were worth $7,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BNC Wealth Management LLC bought a new position in shares of Travelers Companies during the 3rd quarter worth approximately $214,000. Graypoint LLC grew its position in Travelers Companies by 4.4% in the third quarter. Graypoint LLC now owns 3,183 shares of the insurance provider’s stock valued at $745,000 after purchasing an additional 135 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at $358,000. Concurrent Investment Advisors LLC raised its stake in Travelers Companies by 29.7% in the third quarter. Concurrent Investment Advisors LLC now owns 3,525 shares of the insurance provider’s stock valued at $825,000 after buying an additional 808 shares during the period. Finally, Catalina Capital Group LLC lifted its position in shares of Travelers Companies by 7.4% in the third quarter. Catalina Capital Group LLC now owns 1,589 shares of the insurance provider’s stock valued at $372,000 after buying an additional 110 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Down 0.6 %

NYSE TRV traded down $1.51 during trading hours on Thursday, reaching $252.44. The company’s stock had a trading volume of 25,807 shares, compared to its average volume of 1,302,667. The firm has a fifty day simple moving average of $240.61 and a 200-day simple moving average of $222.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 52 week low of $167.08 and a 52 week high of $269.55. The stock has a market cap of $57.31 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.17 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the firm earned $1.95 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is presently 21.54%.

Insider Activity

In related 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 owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred 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 owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,999 shares of company stock valued at $16,580,166. Company insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TRV. The Goldman Sachs Group boosted their target price on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Morgan Stanley lowered their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Barclays lifted their price target on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Bank of America boosted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $247.90.

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.