Tradewinds LLC. Purchases New Stake in The Travelers Companies, Inc. $TRV

Tradewinds LLC. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,164 shares of the insurance provider’s stock, valued at approximately $1,163,000.

Several other institutional investors also recently modified their holdings of the business. Allstate Corp acquired a new stake in Travelers Companies during the 3rd quarter worth $2,288,000. NorthCrest Asset Manangement LLC boosted its stake in Travelers Companies by 51.7% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,403 shares of the insurance provider’s stock worth $685,000 after acquiring an additional 819 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Travelers Companies by 13.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 195,493 shares of the insurance provider’s stock worth $55,709,000 after purchasing an additional 22,827 shares in the last quarter. FAS Wealth Partners Inc. grew its holdings in shares of Travelers Companies by 4.6% in the 3rd quarter. FAS Wealth Partners Inc. now owns 14,499 shares of the insurance provider’s stock valued at $4,049,000 after buying an additional 639 shares during the period. Finally, Resonant Capital Advisors LLC increased its position in shares of Travelers Companies by 9.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,155 shares of the insurance provider’s stock valued at $322,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. The Goldman Sachs Group cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price objective on the stock. in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $305.00 to $317.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, UBS Group boosted their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $299.69.

Travelers Companies Price Performance

Shares of TRV opened at $269.03 on Monday. The company’s 50-day moving average is $286.41 and its 200-day moving average is $275.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $60.01 billion, a PE ratio of 10.58, a PEG ratio of 2.57 and a beta of 0.52. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $296.85.

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 analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the prior year, the business earned $5.24 EPS. Travelers Companies’s quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer owned 26,932 shares in the company, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 46,295 shares of company stock valued at $13,011,918. 1.46% of the stock is owned by insiders.

About Travelers Companies

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.