Trueblood Wealth Management LLC Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Trueblood Wealth Management LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 21.9% in the 4th quarter, HoldingsChannel reports. The fund owned 2,203 shares of the insurance provider’s stock after purchasing an additional 396 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Travelers Companies were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Wolff Wiese Magana LLC raised its holdings in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Travelers Companies in the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 50 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,684 shares of company stock worth $8,728,319 in the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TRV shares. Wells Fargo & Company decreased their price objective on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. BMO Capital Markets raised their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Barclays lowered their target price on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $254.65.

Travelers Companies Price Performance

NYSE:TRV opened at $239.65 on Monday. The company has a 50 day moving average price of $249.57 and a 200-day moving average price of $235.96. The Travelers Companies, Inc. has a 1-year low of $195.57 and a 1-year high of $269.55. The firm has a market cap of $54.41 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the company earned $1.95 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 18.94 EPS for the current year.

About Travelers Companies

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.