Sawyer & Company Inc lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 11.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,029 shares of the insurance provider’s stock after selling 2,371 shares during the period. Travelers Companies comprises about 1.7% of Sawyer & Company Inc’s investment portfolio, making the stock its 18th biggest position. Sawyer & Company Inc’s holdings in Travelers Companies were worth $4,584,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of the business. Wolff Wiese Magana LLC grew 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 valued at $37,000 after acquiring an additional 45 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at 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 purchasing an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its position in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Travelers Companies Stock Up 1.4 %
TRV stock opened at $240.14 on Thursday. The Travelers Companies, Inc. has a 1-year low of $194.54 and a 1-year high of $269.55. The business has a fifty day moving average price of $250.38 and a 200-day moving average price of $235.40. 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 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.
Insiders Place Their Bets
In related news, CEO Alan D. Schnitzer sold 40,524 shares of the 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 completion of the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock valued at $20,295,856 in the last quarter. 1.33% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. UBS Group upped their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lowered their target price on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a research note on Tuesday. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Four investment 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, the stock has a consensus rating of “Hold” and a consensus target price of $254.65.
Get Our Latest Stock Analysis on TRV
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.
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