McElhenny Sheffield Capital Management LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

McElhenny Sheffield Capital Management LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,310 shares of the insurance provider’s stock, valued at approximately $541,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in shares of Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after purchasing an additional 25,575 shares during the period. Opal Wealth Advisors LLC acquired a new position in Travelers Companies in the 1st quarter worth $42,000. Ballentine Partners LLC grew its stake in shares of Travelers Companies by 2.9% during the first quarter. Ballentine Partners LLC now owns 4,346 shares of the insurance provider’s stock valued at $1,000,000 after acquiring an additional 123 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Travelers Companies during the first quarter valued at about $14,868,000. Finally, Strategic Planning Group LLC increased its position in shares of Travelers Companies by 12.7% during the first quarter. Strategic Planning Group LLC now owns 12,930 shares of the insurance provider’s stock worth $2,976,000 after acquiring an additional 1,458 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TRV shares. Wells Fargo & Company increased their price target on Travelers Companies from $206.00 to $207.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Citigroup lifted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Jefferies Financial Group upped their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley decreased their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $235.42.

Travelers Companies Trading Up 0.2 %

NYSE:TRV opened at $265.45 on Monday. The firm has a market capitalization of $60.79 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.26 and a beta of 0.62. The business has a 50 day simple moving average of $231.88 and a 200 day simple moving average of $219.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post 17.09 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.33% of the company’s stock.

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.