Choreo LLC Acquires 76 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Choreo LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRVFree Report) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,354 shares of the insurance provider’s stock after buying an additional 76 shares during the quarter. Choreo LLC’s holdings in Travelers Companies were worth $221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new position in shares of Travelers Companies in the second quarter valued at about $26,000. First Command Advisory Services Inc. acquired a new position in shares of Travelers Companies in the third quarter valued at about $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies during the third quarter worth about $27,000. FWL Investment Management LLC acquired a new stake in Travelers Companies during the fourth quarter worth about $28,000. Finally, RFP Financial Group LLC acquired a new stake in Travelers Companies during the second quarter worth about $29,000. 81.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 270 shares of Travelers Companies stock in a transaction on Monday, November 27th. The stock was sold at an average price of $178.00, for a total value of $48,060.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $45,421,684. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Vice Chairman William H. Heyman sold 270 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $178.00, for a total transaction of $48,060.00. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $45,421,684. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,045 shares of company stock valued at $23,391,963. 1.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TRV shares. TD Cowen started coverage on Travelers Companies in a report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 target price on the stock. Raymond James raised their price objective on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Oppenheimer initiated coverage on Travelers Companies in a report on Thursday, November 16th. They issued a “market perform” rating on the stock. Janney Montgomery Scott initiated coverage on Travelers Companies in a report on Wednesday, December 20th. They issued a “buy” rating and a $215.00 price objective on the stock. Finally, Citigroup raised their price objective on Travelers Companies from $185.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $201.38.

View Our Latest Research Report on Travelers Companies

Travelers Companies Price Performance

TRV stock opened at $214.50 on Friday. The business has a fifty day moving average of $196.27 and a two-hundred day moving average of $177.12. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market cap of $48.99 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $215.71.

Travelers Companies (NYSE:TRVGet Free Report) last posted its earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter last year, the firm earned $3.40 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.68 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.86%. Travelers Companies’s payout ratio is presently 31.27%.

Travelers Companies Company Profile

(Free Report)

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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