The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 22.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,648 shares of the insurance provider’s stock after purchasing an additional 2,345 shares during the period. Ballentine Partners LLC’s holdings in Travelers Companies were worth $3,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC lifted its holdings in shares of Travelers Companies by 51.1% in the 2nd quarter. AE Wealth Management LLC now owns 1,994 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 674 shares during the last quarter. Pacer Advisors Inc. increased its position in Travelers Companies by 67.2% during the second quarter. Pacer Advisors Inc. now owns 26,214 shares of the insurance provider’s stock worth $5,330,000 after buying an additional 10,540 shares during the period. Thrivent Financial for Lutherans lifted its stake in Travelers Companies by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock valued at $3,182,000 after buying an additional 4,466 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Travelers Companies by 9.3% in the second quarter. ProShare Advisors LLC now owns 156,521 shares of the insurance provider’s stock valued at $31,827,000 after acquiring an additional 13,345 shares during the period. Finally, Frank Rimerman Advisors LLC grew its position in shares of Travelers Companies by 34,700.0% during the second quarter. Frank Rimerman Advisors LLC now owns 3,132 shares of the insurance provider’s stock worth $637,000 after acquiring an additional 3,123 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.1 %

Shares of TRV opened at $239.65 on Tuesday. The firm’s 50-day moving average is $249.57 and its two-hundred day moving average is $236.18. The Travelers Companies, Inc. has a twelve month low of $195.57 and a twelve month high of $269.55. 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 $54.41 billion, a P/E ratio of 12.29, a PEG ratio of 1.05 and a beta of 0.65.

Insider Buying and Selling

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies 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 transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,684 shares of company stock worth $7,946,669 in the last quarter. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TRV. Wells Fargo & Company reduced their price target 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, January 14th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. UBS Group boosted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $254.65.

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.