The Travelers Companies, Inc. $TRV Shares Purchased by Cwm LLC

Cwm LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 11.3% in the third quarter, Holdings Channel reports. The fund owned 135,143 shares of the insurance provider’s stock after buying an additional 13,758 shares during the quarter. Cwm LLC’s holdings in Travelers Companies were worth $37,735,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TRV. Associated Banc Corp lifted its position in shares of Travelers Companies by 1.4% during the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock worth $731,000 after purchasing an additional 39 shares in the last quarter. Park National Corp OH increased its stake in Travelers Companies by 1.6% during the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after buying an additional 40 shares during the period. ORG Partners LLC lifted its holdings in Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after buying an additional 41 shares in the last quarter. Park Place Capital Corp lifted its holdings in Travelers Companies by 33.1% in the 2nd quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock worth $44,000 after buying an additional 41 shares in the last quarter. Finally, Nilsine Partners LLC boosted its position in Travelers Companies by 0.4% in the 3rd quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock valued at $2,719,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of a number of analyst reports. Wolfe Research started coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Mizuho began coverage on Travelers Companies in a research report on Monday, December 15th. They issued a “neutral” rating and a $317.00 target price on the stock. UBS Group increased their target price on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $294.25.

Insider Buying and Selling

In other Travelers Companies news, EVP Maria Olivo sold 8,920 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $34,776,665.08. This trade represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares in the company, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 46,295 shares of company stock worth $13,011,918. Company insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $292.03 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $65.14 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 2.89 and a beta of 0.53. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $296.85. The business has a 50 day simple moving average of $282.99 and a 200-day simple moving average of $273.38.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.24 EPS. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is presently 17.30%.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.