Wedmont Private Capital Grows Stake in The Travelers Companies, Inc. (NYSE:TRV)

Wedmont Private Capital boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 8.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,636 shares of the insurance provider’s stock after buying an additional 211 shares during the quarter. Wedmont Private Capital’s holdings in Travelers Companies were worth $613,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TRV. Wolff Wiese Magana LLC lifted its position in shares of Travelers Companies by 39.1% in the third 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. True Wealth Design LLC acquired a new position in Travelers Companies in the 3rd quarter valued at $41,000. Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the 3rd quarter valued at $50,000. Versant Capital Management Inc boosted its stake 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 purchasing an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its holdings in shares of Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $237.15 on Wednesday. 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 stock has a market capitalization of $53.84 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The business has a 50-day moving average of $250.38 and a 200 day moving average of $235.40. The Travelers Companies, Inc. has a 12 month low of $194.54 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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. The firm had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 earnings per share. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s payout ratio is currently 21.54%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRV. Bank of America boosted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group lifted their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. Finally, Barclays reduced their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $254.65.

Insider Activity

In related 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 value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $65,099,840. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,149 shares of company stock worth $20,295,856. Corporate insiders own 1.33% of the company’s stock.

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.