Pinnacle Bancorp Inc. Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Pinnacle Bancorp Inc. lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,318 shares of the insurance provider’s stock after selling 170 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Travelers Companies were worth $799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC increased its stake in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new position in Travelers Companies during the third quarter worth $41,000. Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter worth about $50,000. Versant Capital Management Inc lifted its stake in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its position in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the topic of a number of analyst reports. Bank of America raised their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Roth Mkm boosted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $254.65.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 over the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Up 1.4 %

Shares of Travelers Companies stock opened at $240.14 on Thursday. 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 business has a 50 day moving average price of $250.38 and a 200 day moving average price of $235.40. The company has a market capitalization of $54.52 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.01 and a beta of 0.65. The Travelers Companies, Inc. has a 1 year low of $194.54 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share 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 in the previous year, the company posted $1.95 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.94 EPS for the current fiscal year.

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.