Courier Capital LLC Purchases New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Courier Capital LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,348 shares of the insurance provider’s stock, valued at approximately $1,486,000.

A number of other large investors also recently made changes to their positions in TRV. Wellington Management Group LLP lifted its position in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after purchasing an additional 25,575 shares in the last quarter. Atlas Capital Advisors LLC raised its position in Travelers Companies by 65.9% in the first quarter. Atlas Capital Advisors LLC now owns 413 shares of the insurance provider’s stock worth $95,000 after acquiring an additional 164 shares during the period. Sunbelt Securities Inc. raised its position in Travelers Companies by 264.1% in the first quarter. Sunbelt Securities Inc. now owns 1,318 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 956 shares during the period. Brookstone Capital Management raised its position in Travelers Companies by 16.2% in the first quarter. Brookstone Capital Management now owns 1,630 shares of the insurance provider’s stock worth $375,000 after acquiring an additional 227 shares during the period. Finally, Sovereign Financial Group Inc. bought a new stake in Travelers Companies in the first quarter worth about $227,000. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on TRV. Morgan Stanley lowered 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 report on Friday, July 19th. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft lifted 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. Royal Bank of Canada lifted their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Finally, UBS Group lifted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $247.90.

Travelers Companies Price Performance

TRV stock opened at $257.35 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $269.55. The stock has a market cap of $58.66 billion, a PE ratio of 13.20, a P/E/G ratio of 1.40 and a beta of 0.62. The firm has a 50 day simple moving average of $234.71 and a two-hundred day simple moving average of $220.20.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS 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 quarter in the previous year, the company earned $1.95 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that The Travelers Companies, Inc. will post 17.45 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.63%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 0.00 % 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 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.