Summit Trail Advisors LLC Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Summit Trail Advisors LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 36.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,305 shares of the insurance provider’s stock after buying an additional 618 shares during the quarter. Summit Trail Advisors LLC’s holdings in Travelers Companies were worth $540,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in Travelers Companies during the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC bought a new position in Travelers Companies during the 1st quarter valued at about $35,000. Beacon Capital Management LLC grew its holdings in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Travelers Companies during the 3rd quarter valued at about $50,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRV. Royal Bank of Canada upped their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. UBS Group upped their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $251.15.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 over the last 90 days. Insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $263.77 on Wednesday. The Travelers Companies, Inc. has a fifty-two week low of $175.88 and a fifty-two week high of $269.55. The company has a 50 day moving average price of $247.64 and a 200-day moving average price of $226.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $59.88 billion, a PE ratio of 13.53, a PEG ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS 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 prior year, the company posted $1.95 earnings per share. Travelers Companies’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. Travelers Companies’s payout ratio is 21.54%.

Travelers Companies 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.