Baker Avenue Asset Management LP Buys 162 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Baker Avenue Asset Management LP grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,108 shares of the insurance provider’s stock after purchasing an additional 162 shares during the period. Baker Avenue Asset Management LP’s holdings in Travelers Companies were worth $3,303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Y.D. More Investments Ltd bought a new position in Travelers Companies during the second quarter valued at about $25,000. Pathway Financial Advisers LLC bought a new position in Travelers Companies in the first quarter worth $35,000. Beacon Capital Management LLC boosted its stake in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at $50,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TRV shares. Roth Mkm lifted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. 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 report on Wednesday, October 9th. Morgan Stanley lowered their price target on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Finally, Bank of America lifted their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $247.90.

Travelers Companies Trading Up 1.8 %

Shares of NYSE TRV opened at $256.89 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $167.08 and a fifty-two week high of $269.55. The firm has a market capitalization of $58.32 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.24 and a beta of 0.62. 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 company’s 50 day simple moving average is $241.70 and its 200 day simple moving average is $222.83.

Travelers Companies (NYSE:TRV) last posted its quarterly 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 return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the business posted $1.95 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.63%. Travelers Companies’s payout ratio is currently 21.54%.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred 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 transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Andy F. Bessette sold 4,520 shares of the company’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 completion of the sale, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,999 shares of company stock valued at $16,580,166 in the last ninety days. 1.33% of the stock is owned by 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.