GSB Wealth Management LLC Reduces Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

GSB Wealth Management LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.7% in the third quarter, HoldingsChannel reports. The firm owned 10,299 shares of the insurance provider’s stock after selling 181 shares during the quarter. GSB Wealth Management LLC’s holdings in Travelers Companies were worth $2,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in Travelers Companies during the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $35,000. Beacon Capital Management LLC lifted its position in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Wolff Wiese Magana LLC boosted its holdings 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 buying an additional 45 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its position in shares of Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV opened at $248.67 on Wednesday. The company has a market capitalization of $56.94 billion, a P/E ratio of 18.47, a P/E/G ratio of 1.21 and a beta of 0.62. The business’s 50-day moving average is $237.49 and its 200 day moving average is $220.96. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $161.55 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during 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 company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal 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 $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.69%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Vice Chairman William H. Heyman sold 2,014 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,099,840. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was 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 owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,479 shares of company stock valued at $15,434,526 over the last ninety days. 1.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Barclays upped their price target on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada raised their price objective 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. Wells Fargo & Company upped their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Roth Mkm raised their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $247.90.

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.