Veracity Capital LLC Has $363,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Veracity Capital LLC lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,905 shares of the insurance provider’s stock after selling 48 shares during the period. Veracity Capital LLC’s holdings in Travelers Companies were worth $363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its holdings in Travelers Companies by 1.9% in the first quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock worth $562,000 after purchasing an additional 58 shares during the period. Farmers Trust Co. increased its position in Travelers Companies by 4.5% in the 4th quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock valued at $290,000 after buying an additional 66 shares in the last quarter. First Affirmative Financial Network increased its position in Travelers Companies by 3.3% in the 4th quarter. First Affirmative Financial Network now owns 2,173 shares of the insurance provider’s stock valued at $414,000 after buying an additional 69 shares in the last quarter. Equitable Holdings Inc. raised its stake in Travelers Companies by 2.5% during the 2nd quarter. Equitable Holdings Inc. now owns 2,816 shares of the insurance provider’s stock worth $489,000 after buying an additional 70 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in Travelers Companies by 1.1% in the third quarter. Integrated Wealth Concepts LLC now owns 6,221 shares of the insurance provider’s stock valued at $1,016,000 after acquiring an additional 70 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated 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 approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock valued at $23,343,903 over the last three months. Company insiders own 1.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TRV shares. The Goldman Sachs Group upped their target price on Travelers Companies from $166.00 to $186.00 and gave the stock a “sell” rating in a research report on Monday, January 22nd. UBS Group raised their price objective on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada raised their price target on shares of Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $194.00 to $215.00 and gave the company a “market perform” rating in a research note on Monday, January 22nd. Finally, Janney Montgomery Scott assumed coverage on Travelers Companies in a report on Wednesday, December 20th. They set a “buy” rating and a $215.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $203.69.

Read Our Latest Analysis on Travelers Companies

Travelers Companies Stock Performance

NYSE:TRV traded up $0.79 during trading hours on Tuesday, reaching $228.95. The stock had a trading volume of 143,853 shares, compared to its average volume of 1,468,337. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $230.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a 50 day simple moving average of $218.80 and a 200 day simple moving average of $191.14. The stock has a market cap of $52.46 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.20 and a beta of 0.58.

Travelers Companies (NYSE:TRVGet Free Report) last announced its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $1.91. The business had revenue of $10.93 billion for the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.40 EPS. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.67 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.00 dividend on an annualized basis and a yield of 1.75%. Travelers Companies’s payout ratio is 31.27%.

About Travelers Companies

(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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

Further Reading

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

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