Travelers Companies Inc (NYSE:TRV) Shares Acquired by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC grew its position in Travelers Companies Inc (NYSE:TRV) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,111 shares of the insurance provider’s stock after acquiring an additional 268 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Travelers Companies were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TRV. Advantage Investment Management LLC purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $25,000. Next Capital Management LLC purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $25,000. Krane Funds Advisors LLC purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $25,000. Virtus ETF Advisers LLC purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $25,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $28,000. 82.10% of the stock is owned by institutional investors and hedge funds.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 21,972 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $146.59, for a total value of $3,220,875.48. Following the completion of the transaction, the insider now owns 94,588 shares in the company, valued at $13,865,654.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip T. Ruegger III acquired 700 shares of the business’s stock in a transaction on Monday, August 19th. The stock was acquired at an average price of $147.49 per share, with a total value of $103,243.00. The disclosure for this purchase can be found here. Corporate insiders own 0.73% of the company’s stock.

Several equities research analysts have recently commented on TRV shares. Evercore ISI started coverage on Travelers Companies in a research note on Thursday, October 17th. They set an “underperform” rating and a $128.00 price target for the company. Credit Suisse Group cut their price target on Travelers Companies from $141.00 to $126.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada upped their price target on Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Morgan Stanley cut their price target on Travelers Companies from $136.00 to $125.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Deutsche Bank upgraded Travelers Companies from a “sell” rating to a “hold” rating and set a $140.00 price target for the company in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $147.93.

NYSE:TRV opened at $134.13 on Thursday. The stock has a fifty day moving average price of $138.44 and a two-hundred day moving average price of $145.62. The stock has a market capitalization of $34.40 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $155.09.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.35 by ($0.92). The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.17 billion. Travelers Companies had a return on equity of 9.13% and a net margin of 7.57%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS. On average, analysts predict that Travelers Companies Inc will post 9.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.45%. The ex-dividend date is Monday, December 9th. Travelers Companies’s payout ratio is 36.69%.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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