The Travelers Companies, Inc. $TRV Stock Purchased by Calamos Advisors LLC

Calamos Advisors LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.1% in the 3rd quarter, Holdings Channel reports. The fund owned 64,082 shares of the insurance provider’s stock after buying an additional 1,291 shares during the quarter. Calamos Advisors LLC’s holdings in Travelers Companies were worth $22,846,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Alta Advisers Ltd lifted its stake in shares of Travelers Companies by 78.9% during the 3rd quarter. Alta Advisers Ltd now owns 1,476 shares of the insurance provider’s stock valued at $526,000 after buying an additional 651 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Travelers Companies by 4.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 61,504 shares of the insurance provider’s stock valued at $21,927,000 after buying an additional 2,667 shares in the last quarter. MMA Asset Management LLC purchased a new position in Travelers Companies in the 3rd quarter valued at approximately $430,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies during the 3rd quarter valued at $54,000. Finally, Chicago Partners Investment Group LLC raised its holdings in Travelers Companies by 0.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,754 shares of the insurance provider’s stock valued at $2,292,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, EVP Jeffrey Klenk sold 9,016 shares of the business’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total transaction of $3,656,619.12. Following the completion of the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $2,463,837.75. The trade was a 59.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan Schnitzer sold 88,900 shares of the company’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $396.77, for a total transaction of $35,272,853.00. Following the completion of the transaction, the chief executive officer owned 303,124 shares in the company, valued at approximately $120,270,509.48. This trade represents a 22.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 195,287 shares of company stock valued at $77,818,050 in the last ninety days. Insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TRV shares. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and increased their target price for the stock from $288.00 to $297.00 in a research report on Monday, July 13th. Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a research report on Friday, October 16th. Weiss Ratings upgraded Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a research note on Friday, October 9th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $372.00 to $382.00 and gave the stock a “market perform” rating in a report on Tuesday, October 20th. Finally, HSBC raised their target price on Travelers Companies from $376.00 to $389.00 and gave the stock a “hold” rating in a research note on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $370.83.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded down $7.81 during trading on Friday, hitting $395.08. The stock had a trading volume of 1,415,074 shares, compared to its average volume of 1,452,712. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The Travelers Companies, Inc. has a 12 month low of $268.00 and a 12 month high of $418.00. The firm has a market cap of $80.97 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.76 and a beta of 0.40. The business’s 50-day moving average is $377.66 and its 200 day moving average is $332.77.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping the consensus estimate of $7.39 by $1.79. The business had revenue of $12.41 billion during the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $8.14 earnings per share. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 36.27 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

Travelers Companies Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.