Travelers Companies Inc (NYSE:TRV) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its holdings in Travelers Companies Inc (NYSE:TRV) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,341 shares of the insurance provider’s stock after acquiring an additional 177 shares during the quarter. Parallel Advisors LLC’s holdings in Travelers Companies were worth $794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TRV. Ballentine Partners LLC increased its position in shares of Travelers Companies by 3.2% during the 3rd quarter. Ballentine Partners LLC now owns 2,875 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 89 shares during the last quarter. Northstar Investment Advisors LLC increased its position in shares of Travelers Companies by 2.8% during the 2nd quarter. Northstar Investment Advisors LLC now owns 3,563 shares of the insurance provider’s stock worth $406,000 after purchasing an additional 97 shares during the last quarter. Ellevest Inc. increased its position in shares of Travelers Companies by 34.2% during the 2nd quarter. Ellevest Inc. now owns 400 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 102 shares during the last quarter. Arrow Financial Corp increased its position in shares of Travelers Companies by 2.9% during the 2nd quarter. Arrow Financial Corp now owns 3,613 shares of the insurance provider’s stock worth $413,000 after purchasing an additional 102 shares during the last quarter. Finally, Kore Private Wealth LLC increased its position in shares of Travelers Companies by 19.3% during the 2nd quarter. Kore Private Wealth LLC now owns 638 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 103 shares during the last quarter. 81.33% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on TRV shares. TheStreet lowered Travelers Companies from a “b-” rating to a “c+” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. lowered Travelers Companies from a “neutral” rating to an “underweight” rating and set a $129.00 target price on the stock. in a report on Monday, October 12th. UBS Group boosted their target price on Travelers Companies from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. William Blair raised Travelers Companies from a “market perform” rating to an “outperform” rating in a report on Friday, July 17th. Finally, Morgan Stanley boosted their target price on Travelers Companies from $115.00 to $124.00 and gave the stock an “underweight” rating in a report on Monday. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $121.21.

TRV traded down $1.79 during trading on Friday, hitting $120.67. The stock had a trading volume of 58,948 shares, compared to its average volume of 1,860,638. The company has a 50 day moving average price of $113.72 and a 200-day moving average price of $111.41. The firm has a market cap of $31.02 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 2.06 and a beta of 0.85. Travelers Companies Inc has a one year low of $76.99 and a one year high of $141.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40.

Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, October 20th. The insurance provider reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.21. The firm had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $7.32 billion. Travelers Companies had a return on equity of 7.20% and a net margin of 5.81%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. As a group, sell-side analysts predict that Travelers Companies Inc will post 8.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, December 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.82%. Travelers Companies’s payout ratio is 35.42%.

Travelers Companies Company 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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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