Rovin Capital UT ADV Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Rovin Capital UT ADV purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, Holdings Channel reports. The firm purchased 844 shares of the insurance provider’s stock, valued at approximately $203,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew its position in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new stake in Travelers Companies during the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC purchased a new position in Travelers Companies during the 3rd quarter worth $50,000. Versant Capital Management Inc increased its stake in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. Finally, Salomon & Ludwin LLC raised its holdings in shares of Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $242.54 on Friday. The Travelers Companies, Inc. has a 1-year low of $195.57 and a 1-year high of $269.55. The firm has a market cap of $55.06 billion, a PE ratio of 12.44, a P/E/G ratio of 1.01 and a beta of 0.65. The firm has a 50 day simple moving average of $250.11 and a 200-day simple moving average of $235.43. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the company posted $1.95 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 18.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Barclays cut their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. UBS Group lifted their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company cut their price objective on shares of Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, BMO Capital Markets lifted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $254.65.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,149 shares of company stock valued at $20,295,856. Company 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.