Pinnacle Bancorp Inc. Reduces Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Pinnacle Bancorp Inc. cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,318 shares of the insurance provider’s stock after selling 170 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Travelers Companies were worth $799,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Wolff Wiese Magana LLC increased its stake in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at about $50,000. Versant Capital Management Inc lifted its holdings in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares during the period. Finally, Salomon & Ludwin LLC grew its stake in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 50 shares during the period. 82.45% of the stock is owned by institutional investors.

Insider Activity at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. The trade was a 69.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Trading Up 1.4 %

NYSE TRV opened at $240.14 on Thursday. The Travelers Companies, Inc. has a 1 year low of $194.54 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $54.52 billion, a PE ratio of 12.31, a P/E/G ratio of 1.01 and a beta of 0.65. The company has a fifty day moving average of $250.38 and a 200 day moving average of $235.40.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.95 EPS. Research analysts forecast that The Travelers Companies, Inc. will post 18.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating on the stock in a report on Tuesday. UBS Group lifted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Roth Mkm raised their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $254.65.

About Travelers Companies

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.