HB Wealth Management LLC Buys 1,728 Shares of The Travelers Companies, Inc. (NYSE:TRV)

HB Wealth Management LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,563 shares of the insurance provider’s stock after acquiring an additional 1,728 shares during the quarter. HB Wealth Management LLC’s holdings in Travelers Companies were worth $3,267,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Ledyard National Bank grew its stake in shares of Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after acquiring an additional 39 shares during the period. Trueblood Wealth Management LLC grew its stake in shares of Travelers Companies by 2.3% during the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after acquiring an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. grew its stake in shares of Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after acquiring an additional 42 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 44 shares during the period. Finally, Willner & Heller LLC boosted its stake in Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 45 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,684 shares of company stock valued at $8,728,319 over the last quarter. 1.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. Roth Mkm upped their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Tuesday, December 10th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Barclays dropped their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets upped their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Four 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, the company presently has an average rating of “Hold” and an average price target of $254.65.

Travelers Companies Price Performance

TRV opened at $239.65 on Monday. The Travelers Companies, Inc. has a 12-month low of $195.57 and a 12-month high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $249.57 and its 200-day simple moving average is $235.96. The company has a market capitalization of $54.41 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.01 and a beta of 0.65.

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

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.