Transce3nd LLC Purchases 1,360 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Transce3nd LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 425.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,680 shares of the insurance provider’s stock after purchasing an additional 1,360 shares during the quarter. Transce3nd LLC’s holdings in Travelers Companies were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TRV. Cornerstone Planning Group LLC raised its position in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter worth $26,000. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter worth $26,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies in the fourth quarter worth $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter worth $33,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, insider Avrohom J. Kess sold 23,434 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the sale, the insider owned 48,387 shares of the company’s stock, valued at $13,254,650.91. This trade represents a 32.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 9,044 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.17, for a total value of $2,479,593.48. Following the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,222,530.46. This represents a 21.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock worth $44,868,201 in the last quarter. 1.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRV. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 8th. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Evercore ISI boosted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $274.00.

Travelers Companies Trading Up 4.0%

NYSE:TRV opened at $262.16 on Friday. The Travelers Companies, Inc. has a twelve month low of $202.95 and a twelve month high of $277.83. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $266.00 and a two-hundred day moving average price of $256.07. The company has a market cap of $59.21 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 3.72 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.51 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

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.