Summit Trail Advisors LLC Purchases 618 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Summit Trail Advisors LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 36.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,305 shares of the insurance provider’s stock after acquiring an additional 618 shares during the period. Summit Trail Advisors LLC’s holdings in Travelers Companies were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $35,000. Beacon Capital Management LLC increased its position in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the third quarter valued at approximately $50,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.0 %

TRV opened at $263.77 on Wednesday. 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 fifty-two week low of $175.88 and a fifty-two week high of $269.55. The firm’s fifty day moving average is $247.64 and its 200 day moving average is $226.68. The stock has a market cap of $59.88 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results 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 net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the company earned $1.95 EPS. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is currently 21.54%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research analyst reports. Roth Mkm lifted their target price 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. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. UBS Group lifted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group lifted their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $251.15.

Insiders Place Their Bets

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was 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. The trade was a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 in the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

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.