Steigerwald Gordon & Koch Inc. Trims Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Steigerwald Gordon & Koch Inc. lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,927 shares of the insurance provider’s stock after selling 537 shares during the period. Travelers Companies accounts for approximately 2.6% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 14th largest position. Steigerwald Gordon & Koch Inc.’s holdings in Travelers Companies were worth $23,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC increased its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC purchased a new position in Travelers Companies during the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies in the third quarter valued at $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.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,149 shares of company stock valued at $20,295,856. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TRV shares. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods dropped their target price on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Piper Sandler dropped their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Barclays lowered their target price on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $254.65.

Travelers Companies Stock Performance

Shares of TRV opened at $239.65 on Friday. The Travelers Companies, Inc. has a 12-month low of $195.57 and a 12-month high of $269.55. The stock has a market cap of $54.41 billion, a P/E ratio of 12.29, a PEG ratio of 1.01 and a beta of 0.65. 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 company has a 50-day moving average of $249.57 and a two-hundred day moving average of $235.73.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (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 firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the previous year, the firm posted $1.95 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, research analysts predict that The Travelers Companies, Inc. will post 18.94 EPS for the current fiscal year.

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.