Conning Inc. Has $33.84 Million Stake in The Travelers Companies, Inc. $TRV

Conning Inc. trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,178 shares of the insurance provider’s stock after selling 5,208 shares during the quarter. Conning Inc.’s holdings in Travelers Companies were worth $33,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barnes Dennig Private Wealth Management LLC lifted its position in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Missouri Trust & Investment Co increased its stake in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Delos Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the second quarter worth $27,000. Finally, Clayton Financial Group LLC acquired a new stake in Travelers Companies during the third quarter valued at $28,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,803 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $289.55, for a total transaction of $522,058.65. Following the completion of the transaction, the insider owned 255,086 shares of the company’s stock, valued at $73,860,151.30. The trade was a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,295 shares of company stock valued at $13,011,918 in the last quarter. 1.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TRV. Weiss Ratings upgraded Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. UBS Group boosted their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Cantor Fitzgerald raised their price objective on shares of Travelers Companies from $308.00 to $316.00 and gave the company an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on shares of Travelers Companies from $305.00 to $317.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Finally, Evercore ISI increased their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $299.69.

Travelers Companies Stock Up 0.4%

Shares of TRV stock opened at $272.30 on Thursday. The stock’s 50 day simple moving average is $286.73 and its 200 day simple moving average is $275.27. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $296.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $60.74 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 2.59 and a beta of 0.52.

Travelers Companies (NYSE:TRV) last announced 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. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter last year, the company posted $5.24 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Company Profile

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.