Foundations Investment Advisors LLC Acquires 962 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Foundations Investment Advisors LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 87.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,065 shares of the insurance provider’s stock after acquiring an additional 962 shares during the period. Foundations Investment Advisors LLC’s holdings in Travelers Companies were worth $484,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in Travelers Companies in the 2nd quarter worth $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies during the first quarter worth about $35,000. Beacon Capital Management LLC grew its holdings 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 worth $36,000 after buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake 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 acquiring an additional 45 shares in the last quarter. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies during the 1st quarter worth approximately $45,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of a number of research reports. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Morgan Stanley decreased their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Barclays upped their target price on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Financial Group raised their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $247.90.

Travelers Companies Price Performance

Travelers Companies stock opened at $250.50 on Friday. The company has a market capitalization of $57.36 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.28 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $159.89 and a 12 month high of $269.55. The stock’s 50 day moving average is $235.51 and its 200-day moving average is $220.45.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS 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 firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the firm posted $1.95 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 18.24 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed 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 1.68%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s 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 directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,479 shares of company stock valued at $15,434,526 in the last quarter. Company insiders own 1.33% of the company’s stock.

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.