1,066 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Centennial Bank AR

Centennial Bank AR bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,066 shares of the insurance provider’s stock, valued at approximately $250,000.

Other hedge funds also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in Travelers Companies by 22.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,081 shares of the insurance provider’s stock valued at $1,169,000 after acquiring an additional 916 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Travelers Companies in the 1st quarter worth $177,000. Nordea Investment Management AB grew its stake in shares of Travelers Companies by 38.7% during the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after purchasing an additional 95,451 shares during the period. Quent Capital LLC increased its holdings in Travelers Companies by 19.7% in the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after purchasing an additional 226 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Travelers Companies by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 22,216 shares of the insurance provider’s stock valued at $5,113,000 after buying an additional 185 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV opened at $245.64 on Monday. The firm has a market capitalization of $55.77 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. 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’s fifty day moving average price is $239.19 and its two-hundred day moving average price is $221.60. The Travelers Companies, Inc. has a 1 year low of $165.84 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the firm earned $1.95 EPS. Travelers Companies’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given 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 dividend yield of 1.71%. Travelers Companies’s payout ratio is 21.54%.

Insider Transactions at Travelers Companies

In related news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction on 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 sale, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’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 sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 63,999 shares of company stock worth $16,580,166. 1.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRV. TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. The Goldman Sachs Group boosted their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $247.90.

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.