The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,374 shares of the insurance provider’s stock after buying an additional 217 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Travelers Companies were worth $322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in Travelers Companies in the 2nd quarter worth $25,000. Wolff Wiese Magana LLC grew its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the third quarter worth about $50,000. Salomon & Ludwin LLC raised its position in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Travelers Companies in the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group increased their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research report on Tuesday, October 22nd. Finally, Roth Mkm boosted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $251.15.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated 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 represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,149 shares of company stock valued at $20,295,856. Company insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $266.04 on Monday. The Travelers Companies, Inc. has a 52-week low of $177.61 and a 52-week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market cap of $60.40 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The business has a fifty day moving average of $249.31 and a two-hundred day moving average of $227.74.

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 analysts’ consensus estimates 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 last year, the company earned $1.95 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio is currently 21.54%.

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.