Mitchell & Pahl Private Wealth LLC Sells 148 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mitchell & Pahl Private Wealth LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,346 shares of the insurance provider’s stock after selling 148 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Travelers Companies were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ballentine Partners LLC lifted its position in shares of Travelers Companies by 22.8% during the 4th quarter. Ballentine Partners LLC now owns 12,648 shares of the insurance provider’s stock valued at $3,047,000 after acquiring an additional 2,345 shares during the period. Pure Financial Advisors LLC bought a new stake in Travelers Companies during the fourth quarter worth about $200,000. MassMutual Private Wealth & Trust FSB lifted its position in Travelers Companies by 106.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,163 shares of the insurance provider’s stock worth $280,000 after purchasing an additional 601 shares during the period. Wooster Corthell Wealth Management Inc. acquired a new stake in Travelers Companies during the fourth quarter worth about $593,000. Finally, Thrive Wealth Management LLC bought a new position in Travelers Companies in the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TRV shares. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Barclays cut their target price 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. Keefe, Bruyette & Woods decreased their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Roth Mkm upped their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $254.65.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 24th. The stock was 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 directly owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $5,840,163.66. This trade represents a 30.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,684 shares of company stock worth $7,946,669 over the last ninety days. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Down 1.1 %

Shares of TRV opened at $239.65 on Tuesday. The stock’s 50-day moving average price is $249.57 and its two-hundred day moving average price is $236.18. The Travelers Companies, Inc. has a 12 month low of $195.57 and a 12 month high of $269.55. The company has a market capitalization of $54.41 billion, a PE ratio of 12.29, a PEG ratio of 1.05 and a beta of 0.65. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

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.