Thrive Wealth Management LLC Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Thrive Wealth Management LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 850 shares of the insurance provider’s stock, valued at approximately $205,000.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after acquiring an additional 38,515 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Travelers Companies in the second quarter worth $9,798,000. Orion Portfolio Solutions LLC raised its position in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after purchasing an additional 4,665 shares during the period. Czech National Bank lifted its stake in shares of Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after buying an additional 2,792 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the 3rd quarter worth $50,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.1 %

TRV stock opened at $239.65 on Tuesday. The firm’s fifty day simple moving average is $249.57 and its two-hundred day simple moving average is $236.18. The stock has a market capitalization of $54.41 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $195.57 and a twelve month high of $269.55.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $5,840,163.66. This represents a 30.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,684 shares of company stock worth $7,946,669. Insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent analyst reports. Bank of America raised their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. BMO Capital Markets upped their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Tuesday, December 10th. Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada lifted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $254.65.

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.