Chicago Partners Investment Group LLC Grows Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Chicago Partners Investment Group LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 23.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,664 shares of the insurance provider’s stock after buying an additional 318 shares during the period. Chicago Partners Investment Group LLC’s holdings in Travelers Companies were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC boosted its holdings in shares of Travelers Companies by 19.7% during the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 226 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Travelers Companies in the first quarter valued at $249,000. Proficio Capital Partners LLC grew its position in Travelers Companies by 4.2% during the 1st quarter. Proficio Capital Partners LLC now owns 1,596 shares of the insurance provider’s stock worth $367,000 after purchasing an additional 64 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Travelers Companies during the 1st quarter valued at $593,000. Finally, Callan Capital LLC acquired a new stake in shares of Travelers Companies in the 1st quarter valued at $217,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.2 %

NYSE:TRV opened at $242.81 on Tuesday. 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 Travelers Companies, Inc. has a 12-month low of $167.08 and a 12-month high of $269.55. The business has a 50 day simple moving average of $239.59 and a 200 day simple moving average of $221.83. The firm has a market capitalization of $55.12 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.18 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $11.46 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. Travelers Companies’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research 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 issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies’s payout ratio is presently 21.54%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction on Monday, October 28th. The stock was 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 in the company, valued at approximately $4,302,736.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,999 shares of company stock valued at $16,580,166. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. The Goldman Sachs Group increased their price objective 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. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group boosted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $247.90.

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.