Creative Financial Designs Inc. ADV Trims Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Creative Financial Designs Inc. ADV lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 50.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147 shares of the insurance provider’s stock after selling 150 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Travelers Companies were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TRV. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Travelers Companies by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock worth $18,217,000 after acquiring an additional 1,600 shares during the period. Bessemer Group Inc. grew its holdings in shares of Travelers Companies by 21.4% during the 2nd quarter. Bessemer Group Inc. now owns 9,938 shares of the insurance provider’s stock worth $1,725,000 after acquiring an additional 1,751 shares during the period. Nordea Investment Management AB grew its holdings in shares of Travelers Companies by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after acquiring an additional 16,580 shares during the period. DNB Asset Management AS grew its holdings in shares of Travelers Companies by 53.5% during the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after acquiring an additional 24,230 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Travelers Companies by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,810 shares of the insurance provider’s stock worth $227,950,000 after acquiring an additional 5,584 shares during the period. Hedge funds and other institutional investors own 81.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TRV shares. Raymond James upped their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. The Goldman Sachs Group upped their price target on Travelers Companies from $166.00 to $186.00 and gave the stock a “sell” rating in a research note on Monday, January 22nd. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $194.00 to $215.00 and gave the stock a “market perform” rating in a research note on Monday, January 22nd. UBS Group upped their price target on Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Finally, TD Cowen initiated coverage on Travelers Companies in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $201.38.

Check Out Our Latest Research Report on TRV

Travelers Companies Price Performance

NYSE TRV opened at $224.45 on Friday. The business’s fifty day moving average price is $216.00 and its 200-day moving average price is $188.60. The stock has a market capitalization of $51.43 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.18 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $227.48.

Travelers Companies (NYSE:TRVGet Free Report) last released its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating the consensus estimate of $5.10 by $1.91. The firm had revenue of $10.93 billion for the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.40 EPS. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.67 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.00 annualized dividend and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio (DPR) is 31.27%.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the sale, the executive vice president now owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock worth $23,343,903 in the last three months. Corporate insiders own 1.29% of the company’s stock.

Travelers Companies Company Profile

(Free Report)

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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