Stonebridge Financial Group LLC Buys Shares of 670 The Travelers Companies, Inc. (NYSE:TRV)

Stonebridge Financial Group LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, Holdings Channel.com reports. The firm purchased 670 shares of the insurance provider’s stock, valued at approximately $161,000.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its position in Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after purchasing an additional 518,075 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after purchasing an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Travelers Companies in the 3rd quarter worth $54,988,000. Finally, Janus Henderson Group PLC grew its stake in Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after buying an additional 232,428 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the business’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 sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $240.69 on Thursday. The company has a market capitalization of $54.64 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The company’s fifty day moving average price is $244.04 and its 200 day moving average price is $240.44. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business 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 for the quarter was up 9.9% on a year-over-year basis. On average, research analysts predict that The Travelers Companies, Inc. will post 20.57 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Analyst Ratings Changes

Several brokerages have weighed in on TRV. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Barclays lifted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Roth Mkm upped their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $260.47.

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.