Golden State Equity Partners Purchases 1,001 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Golden State Equity Partners lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 154.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,648 shares of the insurance provider’s stock after buying an additional 1,001 shares during the period. Golden State Equity Partners’ holdings in Travelers Companies were worth $397,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Ledyard National Bank increased its position in Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after buying an additional 39 shares during the period. Trueblood Wealth Management LLC increased its position in Travelers Companies by 2.3% during the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after buying an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. increased its position in Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after buying an additional 42 shares during the period. Salem Investment Counselors Inc. increased its position in Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after buying an additional 44 shares during the period. Finally, Willner & Heller LLC increased its position in Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after buying an additional 45 shares during the period. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. 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 raised their price objective on Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $260.47.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $244.60 on Tuesday. The stock’s 50 day moving average is $246.75 and its 200 day moving average is $238.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The firm has a market cap of $55.53 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.07 and a beta of 0.64. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $7.01 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.72%. Travelers Companies’s payout ratio is currently 19.56%.

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.