CWA Asset Management Group LLC Buys 476 Shares of The Travelers Companies, Inc. (NYSE:TRV)

CWA Asset Management Group LLC grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 25.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,367 shares of the insurance provider’s stock after acquiring an additional 476 shares during the quarter. CWA Asset Management Group LLC’s holdings in Travelers Companies were worth $570,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Pensionfund Sabic grew its stake in Travelers Companies by 21.1% during the fourth quarter. Pensionfund Sabic now owns 6,900 shares of the insurance provider’s stock worth $1,662,000 after buying an additional 1,200 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Travelers Companies by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 645,650 shares of the insurance provider’s stock worth $155,008,000 after acquiring an additional 86,928 shares in the last quarter. GAMMA Investing LLC increased its stake in Travelers Companies by 12.7% in the fourth quarter. GAMMA Investing LLC now owns 7,055 shares of the insurance provider’s stock valued at $1,699,000 after acquiring an additional 797 shares during the last quarter. Versant Capital Management Inc raised its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Travelers Companies by 3.6% during the third quarter. Principal Financial Group Inc. now owns 281,463 shares of the insurance provider’s stock worth $65,896,000 after purchasing an additional 9,660 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TRV shares. Barclays lowered their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Roth Mkm lifted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Bank of America increased their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $255.10.

Travelers Companies Stock Up 0.5 %

TRV stock opened at $242.89 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $189.87 and a fifty-two week high of $269.55. The stock has a fifty day moving average of $251.06 and a 200-day moving average of $234.38. The company has a market capitalization of $55.14 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.17 and a beta of 0.65. 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 earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $1.95 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $1.05 per share. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 over the last three months. Company insiders own 1.33% of the company’s stock.

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.