Empowered Funds LLC Has $2.40 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Empowered Funds LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 167.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 10,265 shares of the insurance provider’s stock after purchasing an additional 6,426 shares during the period. Empowered Funds LLC’s holdings in Travelers Companies were worth $2,403,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC lifted its position in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Wolff Wiese Magana LLC lifted its position in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies during the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,409 shares of company stock worth $19,305,504 over the last quarter. 1.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research reports. 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 report on Friday, October 18th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America boosted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Roth Mkm upped their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Price Performance

TRV opened at $259.27 on Wednesday. The firm has a market cap of $58.86 billion, a P/E ratio of 13.30, a PEG ratio of 1.25 and a beta of 0.62. The firm has a 50-day moving average of $245.28 and a 200 day moving average of $225.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $170.88 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 earnings per share. On average, research analysts expect that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. Travelers Companies’s payout ratio is currently 21.54%.

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.