Virtu Financial LLC Has $3.98 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Virtu Financial LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 25.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,990 shares of the insurance provider’s stock after acquiring an additional 3,462 shares during the quarter. Virtu Financial LLC’s holdings in Travelers Companies were worth $3,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TRV. Toronto Dominion Bank increased its position in Travelers Companies by 1.0% during the 3rd quarter. Toronto Dominion Bank now owns 114,014 shares of the insurance provider’s stock worth $26,693,000 after purchasing an additional 1,113 shares in the last quarter. Empire Financial Management Company LLC grew its stake in shares of Travelers Companies by 1.2% during the third quarter. Empire Financial Management Company LLC now owns 16,201 shares of the insurance provider’s stock worth $3,793,000 after buying an additional 187 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Travelers Companies by 14.3% during the third quarter. Coldstream Capital Management Inc. now owns 5,032 shares of the insurance provider’s stock worth $1,191,000 after buying an additional 630 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after acquiring an additional 114,714 shares during the last quarter. Finally, Executive Wealth Management LLC bought a new position in shares of Travelers Companies in the 3rd quarter valued at $8,948,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The shares were 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 in the company, valued at $66,301,683.20. This trade represents a 1.47 % 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, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. This represents a 69.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on TRV. Barclays upped their target price on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $251.70.

Travelers Companies Price Performance

Travelers Companies stock opened at $245.17 on Thursday. The stock has a market capitalization of $55.66 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.19 and a beta of 0.63. The Travelers Companies, Inc. has a 52-week low of $181.03 and a 52-week high of $269.55. 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’s 50 day moving average price is $252.41 and its two-hundred day moving average price is $229.83.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

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 $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

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.