Sky Investment Group LLC Has $552,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Sky Investment Group LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,291 shares of the insurance provider’s stock after selling 274 shares during the quarter. Sky Investment Group LLC’s holdings in Travelers Companies were worth $552,000 as of its most recent SEC filing.

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

Travelers Companies Stock Down 1.1 %

Shares of NYSE TRV opened at $239.65 on Tuesday. The company’s 50 day moving average price is $249.57 and its 200-day moving average price is $236.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 52-week low of $195.57 and a 52-week high of $269.55. The company has a market capitalization of $54.41 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65.

Insider Buying and Selling

In other news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,684 shares of company stock valued at $7,946,669 over the last quarter. Insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods decreased their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada increased their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $254.65.

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.