Catalyst Capital Advisors LLC Takes $50,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Catalyst Capital Advisors LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, Holdings Channel.com reports. The firm bought 212 shares of the insurance provider’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. QRG Capital Management Inc. increased its holdings in shares of Travelers Companies by 14.0% in the third quarter. QRG Capital Management Inc. now owns 62,534 shares of the insurance provider’s stock valued at $14,641,000 after purchasing an additional 7,689 shares during the period. Asset Management One Co. Ltd. increased its holdings in Travelers Companies by 4.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 192,585 shares of the insurance provider’s stock worth $45,088,000 after buying an additional 7,410 shares during the period. National Pension Service raised its position in Travelers Companies by 12.3% during the 3rd quarter. National Pension Service now owns 674,518 shares of the insurance provider’s stock worth $157,918,000 after buying an additional 73,888 shares during the last quarter. Centennial Bank AR acquired a new stake in Travelers Companies during the 3rd quarter valued at approximately $250,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter valued at $213,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred 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 owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,999 shares of company stock worth $16,580,166. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 3.7 %

TRV stock opened at $253.95 on Thursday. The company has a market cap of $57.65 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.17 and a beta of 0.62. The firm has a 50-day moving average of $240.61 and a two-hundred day moving average of $222.27. The Travelers Companies, Inc. has a 12 month low of $167.08 and a 12 month high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 earnings per share. As a group, analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $247.90.

Travelers Companies 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.