Procyon Advisors LLC Acquires 745 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Procyon Advisors LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,777 shares of the insurance provider’s stock after acquiring an additional 745 shares during the quarter. Procyon Advisors LLC’s holdings in Travelers Companies were worth $4,282,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRV. Roth Mkm upped their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Tuesday, December 10th. Jefferies Financial Group raised their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $254.65.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $242.54 on Friday. The business has a 50-day simple moving average of $250.11 and a 200 day simple moving average of $235.43. The Travelers Companies, Inc. has a one year low of $195.57 and a one year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $55.06 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.01 and a beta of 0.65.

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

Travelers Companies Company Profile

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.