Townsquare Capital LLC Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Townsquare Capital LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 52.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,676 shares of the insurance provider’s stock after purchasing an additional 3,332 shares during the quarter. Townsquare Capital LLC’s holdings in Travelers Companies were worth $2,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Tidal Investments LLC lifted its stake in Travelers Companies by 4.9% during the 1st quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock worth $900,000 after acquiring an additional 184 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Travelers Companies by 356.3% in the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after purchasing an additional 35,560 shares in the last quarter. Cetera Advisors LLC grew its holdings in shares of Travelers Companies by 75.3% in the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after purchasing an additional 4,724 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Travelers Companies by 11.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 572 shares of the insurance provider’s stock worth $121,000 after buying an additional 57 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Travelers Companies by 162.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after buying an additional 3,050 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRV. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their price objective on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $251.15.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Down 0.2 %

Shares of NYSE:TRV opened at $266.04 on Friday. The Travelers Companies, Inc. has a 1-year low of $177.61 and a 1-year high of $269.55. 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 stock has a market cap of $60.40 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.26 and a beta of 0.62. The firm has a fifty day moving average price of $249.31 and a 200 day moving average price of $227.65.

Travelers Companies (NYSE:TRV) last issued 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 return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts predict that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.58%. Travelers Companies’s dividend payout ratio is currently 21.54%.

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.