Beacon Investment Advisory Services Inc. Buys Shares of 1,065 The Travelers Companies, Inc. (NYSE:TRV)

Beacon Investment Advisory Services Inc. bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,065 shares of the insurance provider’s stock, valued at approximately $249,000.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after buying an additional 35,560 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Travelers Companies during the second quarter valued at about $17,303,000. Cetera Advisors LLC raised its holdings in Travelers Companies by 75.3% during the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after buying an additional 4,724 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Travelers Companies during the second quarter valued at about $9,798,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Travelers Companies by 9.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 144,889 shares of the insurance provider’s stock valued at $29,462,000 after buying an additional 12,161 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $5,840,163.66. The trade was a 30.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 1.0 %

NYSE TRV opened at $263.50 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average is $249.31 and its two-hundred day moving average is $227.74. The company has a market capitalization of $59.82 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.26 and a beta of 0.63. The Travelers Companies, Inc. has a 1-year low of $180.44 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last released 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 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 company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Jefferies Financial Group lifted their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. 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 research note on Monday, October 21st. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $251.15.

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.