3,921 The Travelers Companies, Inc. $TRV Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.6% during the third quarter, Holdings Channel reports. The fund owned 44,715 shares of the insurance provider’s stock after acquiring an additional 3,921 shares during the quarter. Ritholtz Wealth Management’s holdings in Travelers Companies were worth $15,941,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TRV. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Travelers Companies during the 2nd quarter valued at $4,447,000. Bank of Nova Scotia purchased a new stake in shares of Travelers Companies in the second quarter valued at $19,949,000. Haverford Trust Co purchased a new stake in shares of Travelers Companies in the second quarter valued at $1,723,000. Sumitomo Life Insurance Co. acquired a new stake in shares of Travelers Companies in the second quarter worth $1,676,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Travelers Companies in the second quarter worth $53,050,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.4%

Shares of NYSE:TRV opened at $399.32 on Thursday. The firm has a fifty day moving average of $379.57 and a two-hundred day moving average of $334.60. The firm has a market capitalization of $81.84 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. The Travelers Companies, Inc. has a 12-month low of $268.00 and a 12-month high of $418.00. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. During the same period in the previous year, the company posted $8.14 EPS. Travelers Companies’s revenue was down .5% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 15,100 shares of the company’s stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $398.44, for a total value of $6,016,444.00. Following the transaction, the executive vice president directly owned 103,642 shares of the company’s stock, valued at $41,295,118.48. This represents a 12.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mojgan Lefebvre sold 11,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $393.84, for a total value of $4,332,240.00. Following the completion of the transaction, the executive vice president directly owned 11,000 shares in the company, valued at approximately $4,332,240. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 195,287 shares of company stock valued at $77,818,050. Corporate insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TRV shares. Cantor Fitzgerald lifted their price target on Travelers Companies from $378.00 to $397.00 and gave the company an “overweight” rating in a report on Monday, October 26th. Raymond James Financial increased their price objective on Travelers Companies from $430.00 to $450.00 in a research note on Monday, October 19th. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Friday, October 16th. Mizuho lifted their target price on Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Finally, Roth Capital reaffirmed a “buy” rating and set a $425.00 target price (up from $345.00) on shares of Travelers Companies in a research note on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $370.83.

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.