The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,029 shares of the insurance provider’s stock after selling 2,371 shares during the period. Travelers Companies makes up 1.7% of Sawyer & Company Inc’s portfolio, making the stock its 18th biggest position. Sawyer & Company Inc’s holdings in Travelers Companies were worth $4,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ledyard National Bank boosted its stake in Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after acquiring an additional 39 shares during the period. Trueblood Wealth Management LLC raised its holdings in Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after purchasing an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of Travelers Companies by 2.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 44 shares in the last quarter. Finally, Willner & Heller LLC increased its holdings in shares of Travelers Companies by 4.1% in the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 1.4 %

Shares of NYSE:TRV opened at $240.14 on Thursday. The business’s 50 day moving average is $250.38 and its 200 day moving average is $235.40. The Travelers Companies, Inc. has a 12-month low of $194.54 and a 12-month high of $269.55. The stock has a market cap of $54.52 billion, a price-to-earnings ratio of 12.31, a PEG 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.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the business posted $1.95 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TRV. BMO Capital Markets increased their target price on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. Wells Fargo & Company cut their target price on shares of Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a research report on Tuesday. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Bank of America boosted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.