Eagle Rock Investment Company LLC Sells 3,021 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Eagle Rock Investment Company LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,311 shares of the insurance provider’s stock after selling 3,021 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Travelers Companies were worth $3,206,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TRV. Ritholtz Wealth Management grew its position in Travelers Companies by 2.4% in the 4th quarter. Ritholtz Wealth Management now owns 35,035 shares of the insurance provider’s stock worth $8,440,000 after purchasing an additional 818 shares during the last quarter. Rovin Capital UT ADV acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $203,000. Burney Co. lifted its stake in shares of Travelers Companies by 1.6% in the fourth quarter. Burney Co. now owns 11,684 shares of the insurance provider’s stock valued at $2,815,000 after buying an additional 189 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Travelers Companies by 27.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 549 shares of the insurance provider’s stock worth $132,000 after buying an additional 117 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in Travelers Companies by 46.8% during the fourth quarter. Park Avenue Securities LLC now owns 9,978 shares of the insurance provider’s stock worth $2,404,000 after buying an additional 3,180 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Barclays cut their target price 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. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Keefe, Bruyette & Woods dropped their price objective on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Finally, Royal Bank of Canada raised their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $254.65.

Insider Buying and Selling

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. The trade was a 69.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were 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 directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 in the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 1.1 %

NYSE TRV opened at $242.54 on Friday. The stock’s 50 day simple moving average is $250.11 and its 200 day simple moving average is $235.43. The Travelers Companies, Inc. has a one year low of $195.57 and a one year high of $269.55. The firm has a market cap of $55.06 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. 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 announced 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. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

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.