Coastline Trust Co Buys Shares of 285 The Travelers Companies, Inc. (NYSE:TRV)

Coastline Trust Co purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 285 shares of the insurance provider’s stock, valued at approximately $67,000.

A number of other hedge funds also recently made changes to their positions in the business. Linscomb Wealth Inc. bought a new stake in Travelers Companies during the 3rd quarter valued at $210,000. KCM Investment Advisors LLC increased its holdings in shares of Travelers Companies by 24.7% during the third quarter. KCM Investment Advisors LLC now owns 18,272 shares of the insurance provider’s stock valued at $4,278,000 after purchasing an additional 3,620 shares during the period. Empowered Funds LLC raised its stake in shares of Travelers Companies by 167.4% during the third quarter. Empowered Funds LLC now owns 10,265 shares of the insurance provider’s stock valued at $2,403,000 after purchasing an additional 6,426 shares in the last quarter. Empirical Finance LLC lifted its holdings in Travelers Companies by 2.1% in the third quarter. Empirical Finance LLC now owns 8,067 shares of the insurance provider’s stock worth $1,889,000 after purchasing an additional 163 shares during the period. Finally, Vectors Research Management LLC grew its position in Travelers Companies by 1.9% in the 3rd quarter. Vectors Research Management LLC now owns 4,075 shares of the insurance provider’s stock valued at $959,000 after buying an additional 75 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRV. BMO Capital Markets boosted their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Barclays increased their price target on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup boosted their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Wells Fargo & Company raised their target price on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $247.90.

Insider Buying and Selling

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,099,840. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,999 shares of company stock worth $16,580,166. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 1.7 %

TRV stock opened at $260.82 on Friday. The company has a 50 day moving average of $244.44 and a two-hundred day moving average of $224.40. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $169.18 and a 12-month high of $269.55. The company has a market cap of $59.21 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.25 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (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 during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the firm earned $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

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.