Marino Stram & Associates LLC Grows Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Marino Stram & Associates LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,118 shares of the insurance provider’s stock after buying an additional 57 shares during the quarter. Marino Stram & Associates LLC’s holdings in Travelers Companies were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. State Street Corp raised its stake in shares of Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after purchasing an additional 120,228 shares during the last quarter. FMR LLC raised its position in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares in the last quarter. Geode Capital Management LLC raised its position in Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after acquiring an additional 114,714 shares in the last quarter. Legal & General Group Plc raised its position in Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after acquiring an additional 37,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Travelers Companies by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock worth $350,396,000 after acquiring an additional 10,285 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on TRV shares. Wells Fargo & Company cut their price objective on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $255.16.

Travelers Companies Stock Up 3.1 %

Shares of NYSE:TRV opened at $246.67 on Thursday. The stock’s 50-day moving average price is $248.81 and its two-hundred day moving average price is $236.70. 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 Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The firm has a market cap of $56.00 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.05 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10,795,375 billion. During the same period last year, the company earned $7.01 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 19 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,670 shares of company stock valued at $4,861,329. Insiders own 1.33% of the company’s stock.

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.