United Asset Strategies Inc. Purchases New Stake in The Travelers Companies, Inc. (NYSE:TRV)

United Asset Strategies Inc. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 872 shares of the insurance provider’s stock, valued at approximately $204,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Financial Advocates Investment Management bought a new position in Travelers Companies in the 3rd quarter worth $228,000. S.A. Mason LLC purchased a new position in Travelers Companies during the 3rd quarter valued at about $109,000. First Trust Direct Indexing L.P. lifted its position in Travelers Companies by 25.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,964 shares of the insurance provider’s stock valued at $3,035,000 after acquiring an additional 2,611 shares during the period. Lodestar Private Asset Management LLC purchased a new position in Travelers Companies during the 3rd quarter valued at about $206,000. Finally, Fidelis Capital Partners LLC purchased a new position in Travelers Companies during the 3rd quarter valued at about $259,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This 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 the SEC website. Also, Vice Chairman William H. Heyman sold 2,014 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock worth $16,580,166 over the last quarter. Insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

TRV has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Morgan Stanley lowered their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. JPMorgan Chase & Co. lifted 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. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $247.90.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $246.04 on Friday. The firm has a 50 day moving average of $238.72 and a 200 day moving average of $221.34. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $55.86 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62. The Travelers Companies, Inc. has a 12-month low of $165.84 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 18.53 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) 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.