Ritholtz Wealth Management Purchases 826 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Ritholtz Wealth Management raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,217 shares of the insurance provider’s stock after purchasing an additional 826 shares during the period. Ritholtz Wealth Management’s holdings in Travelers Companies were worth $8,011,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in shares of Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after acquiring an additional 95,451 shares in the last quarter. Cetera Investment Advisers grew its stake in Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Travelers Companies by 100.9% in the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after buying an additional 25,575 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter valued at $874,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after acquiring an additional 3,050 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TRV. The Goldman Sachs Group raised their price target on Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on Travelers Companies from $206.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Thursday. Morgan Stanley decreased their price target 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. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four 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 an average rating of “Hold” and an average price target of $230.89.

Travelers Companies Trading Up 1.4 %

Shares of NYSE TRV traded up $3.38 during midday trading on Friday, hitting $236.58. 932,564 shares of the company traded hands, compared to its average volume of 1,311,996. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48. The firm has a market cap of $53.92 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.21 and a beta of 0.62. The stock has a 50-day moving average price of $227.80 and a 200 day moving average price of $218.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 17.2 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 26.55%.

Travelers Companies Company 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.