Confluence Wealth Services Inc. Purchases Shares of 894 The Travelers Companies, Inc. (NYSE:TRV)

Confluence Wealth Services Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 894 shares of the insurance provider’s stock, valued at approximately $209,000.

A number of other hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in Travelers Companies by 1.5% in the third quarter. Janney Montgomery Scott LLC now owns 200,026 shares of the insurance provider’s stock valued at $46,830,000 after purchasing an additional 2,896 shares during the last quarter. Northern Financial Advisors Inc boosted its holdings in shares of Travelers Companies by 1.7% in the 3rd quarter. Northern Financial Advisors Inc now owns 6,713 shares of the insurance provider’s stock valued at $1,572,000 after buying an additional 111 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Travelers Companies by 23.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,664 shares of the insurance provider’s stock valued at $428,000 after buying an additional 318 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Travelers Companies by 8.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,510 shares of the insurance provider’s stock worth $588,000 after acquiring an additional 189 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in Travelers Companies by 18.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 6,609 shares of the insurance provider’s stock valued at $1,547,000 after acquiring an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated 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 directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,999 shares of company stock valued at $16,580,166 in the last quarter. 1.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TRV shares. UBS Group boosted their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Morgan Stanley dropped their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $247.90.

Travelers Companies Stock Down 1.2 %

Travelers Companies stock opened at $242.81 on Tuesday. The Travelers Companies, Inc. has a fifty-two week low of $167.08 and a fifty-two week high of $269.55. The firm has a market capitalization of $55.12 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The stock’s fifty day moving average is $239.59 and its two-hundred day moving average is $221.83. 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 issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the company posted $1.95 EPS. The company’s revenue was up 11.9% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

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.