The Travelers Companies, Inc. $TRV Shares Purchased by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,093 shares of the insurance provider’s stock after purchasing an additional 49 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Travelers Companies were worth $292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies during the 1st quarter worth $26,000. Missouri Trust & Investment Co raised its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in Travelers Companies during the 1st quarter worth $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in Travelers Companies during the 2nd quarter worth $32,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $275.00 to $291.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Finally, Barclays set a $313.00 price objective on shares of Travelers Companies in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $290.11.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Travelers Companies Stock Down 1.6%

Shares of NYSE:TRV opened at $269.92 on Friday. The company has a market cap of $60.77 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.13 and a beta of 0.51. The firm’s 50-day simple moving average is $273.66 and its 200-day simple moving average is $266.13. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s payout ratio is presently 19.46%.

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.