Ritholtz Wealth Management Purchases 3,921 Shares of The Travelers Companies, Inc. $TRV

Ritholtz Wealth Management increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,715 shares of the insurance provider’s stock after purchasing an additional 3,921 shares during the quarter. Ritholtz Wealth Management’s holdings in Travelers Companies were worth $15,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Travelers Companies during the 2nd quarter valued at approximately $4,447,000. Bank of Nova Scotia bought a new position in Travelers Companies during the 2nd quarter worth $19,949,000. Haverford Trust Co acquired a new stake in Travelers Companies in the second quarter worth $1,723,000. Sumitomo Life Insurance Co. acquired a new stake in Travelers Companies in the second quarter worth $1,676,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Travelers Companies in the second quarter worth $53,050,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 0.4%

Shares of Travelers Companies stock opened at $399.32 on Thursday. The business’s fifty day moving average price is $379.57 and its two-hundred day moving average price is $334.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $81.84 billion, a P/E ratio of 10.47, a PEG ratio of 2.77 and a beta of 0.40. The Travelers Companies, Inc. has a 1-year low of $268.00 and a 1-year high of $418.00.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. The company had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.14 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 36.27 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s payout ratio is currently 13.11%.

Insiders Place Their Bets

In related news, EVP Mojgan Lefebvre sold 11,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total value of $4,332,240.00. Following the completion of the sale, the executive vice president owned 11,000 shares of the company’s stock, valued at $4,332,240. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Olivo sold 15,000 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the completion of the transaction, the executive vice president owned 88,642 shares of the company’s stock, valued at $36,077,294. This represents a 14.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 195,287 shares of company stock valued at $77,818,050. Corporate insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TRV shares. Mizuho boosted their price target on shares of Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a report on Tuesday, October 20th. Roth Capital restated a “buy” rating and set a $425.00 price target (up from $345.00) on shares of Travelers Companies in a research report on Monday, October 26th. Zacks Research cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Jefferies Financial Group lifted their price objective on shares of Travelers Companies from $351.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, October 19th. Finally, BMO Capital Markets upped their target price on shares of Travelers Companies from $379.00 to $388.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $370.83.

Travelers Companies Company Profile

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.