Golden State Equity Partners Has $397,000 Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Golden State Equity Partners grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 154.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,648 shares of the insurance provider’s stock after buying an additional 1,001 shares during the period. Golden State Equity Partners’ holdings in Travelers Companies were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in 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 worth $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Travelers Companies in the third quarter worth about $41,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the third quarter worth about $50,000. Versant Capital Management Inc lifted its position in shares of Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its position in shares of Travelers Companies by 22.1% in 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 during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

Travelers Companies Trading Down 0.2 %

TRV stock opened at $244.60 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The firm has a market cap of $55.53 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.07 and a beta of 0.64. The business’s 50 day moving average is $246.75 and its 200-day moving average is $238.72. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the company posted $7.01 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 20.6 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TRV. Bank of America boosted their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. 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 note on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $260.47.

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.