HB Wealth Management LLC Has $3.27 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

HB Wealth Management LLC grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,563 shares of the insurance provider’s stock after purchasing an additional 1,728 shares during the quarter. HB Wealth Management LLC’s holdings in Travelers Companies were worth $3,267,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TRV. Wolff Wiese Magana LLC increased its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc boosted its position in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the period. Finally, Salomon & Ludwin LLC raised its holdings in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andy F. Bessette sold 4,520 shares of the firm’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 transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,684 shares of company stock worth $8,728,319 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 1.1 %

TRV stock opened at $239.65 on Monday. The company has a market capitalization of $54.41 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. The Travelers Companies, Inc. has a one year low of $195.57 and a one year high of $269.55. The company’s 50 day moving average price is $249.57 and its two-hundred day moving average price is $235.96. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the firm posted $1.95 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts predict that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TRV shares. Jefferies Financial Group raised their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada boosted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Wells Fargo & Company cut their price objective on shares of Travelers Companies from $217.00 to $213.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $254.65.

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.