True Wealth Design LLC Invests $41,000 in The Travelers Companies, Inc. (NYSE:TRV)

True Wealth Design LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 174 shares of the insurance provider’s stock, valued at approximately $41,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cobblestone Capital Advisors LLC NY increased its holdings in shares of Travelers Companies by 18.8% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,374 shares of the insurance provider’s stock valued at $322,000 after acquiring an additional 217 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Travelers Companies during the 3rd quarter valued at approximately $1,909,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Travelers Companies by 83.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 374,205 shares of the insurance provider’s stock worth $87,609,000 after buying an additional 170,705 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Travelers Companies by 3.2% during the third quarter. Captrust Financial Advisors now owns 31,229 shares of the insurance provider’s stock worth $7,311,000 after buying an additional 965 shares during the period. Finally, Providence Wealth Advisors LLC grew its holdings in shares of Travelers Companies by 2.2% during the third quarter. Providence Wealth Advisors LLC now owns 4,805 shares of the insurance provider’s stock valued at $1,234,000 after buying an additional 105 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.2 %

Travelers Companies stock opened at $266.04 on Monday. 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 stock has a market capitalization of $60.40 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The business has a 50 day simple moving average of $249.31 and a 200-day simple moving average of $227.74. The Travelers Companies, Inc. has a 12 month low of $177.61 and a 12 month high of $269.55.

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

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TRV shares. 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 note on Wednesday, October 9th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Wells Fargo & Company upped their target price on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Roth Mkm raised their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $251.15.

Insider Buying and Selling

In related news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the 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 sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 15.44 % 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 worth $20,295,856. Insiders own 1.33% of the company’s stock.

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.