Journey Advisory Group LLC Purchases 400 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Journey Advisory Group LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 15.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,010 shares of the insurance provider’s stock after acquiring an additional 400 shares during the period. Journey Advisory Group LLC’s holdings in Travelers Companies were worth $705,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. Cetera Investment Advisers raised its holdings in Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Travelers Companies by 162.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after acquiring an additional 3,050 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Travelers Companies in the 2nd quarter valued at about $17,303,000. Cetera Advisors LLC lifted its position in Travelers Companies by 75.3% in the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after acquiring an additional 4,724 shares in the last quarter. Finally, Swedbank AB bought a new stake in Travelers Companies during the 1st quarter worth approximately $26,618,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In related news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on 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 sale, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,409 shares of company stock valued at $19,305,504. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $262.47 on Friday. The business’s fifty day moving average is $246.83 and its 200 day moving average is $226.00. The firm has a market cap of $59.59 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.25 and a beta of 0.62. 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 Travelers Companies, Inc. has a 52-week low of $175.88 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 18.68 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Analyst Ratings Changes

TRV has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Monday, November 18th. The Goldman Sachs Group increased their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, UBS Group boosted their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $251.15.

About Travelers Companies

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.