Nixon Peabody Trust Co. Purchases 395 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Nixon Peabody Trust Co. grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,146 shares of the insurance provider’s stock after buying an additional 395 shares during the period. Nixon Peabody Trust Co.’s holdings in Travelers Companies were worth $737,000 at the end of the most recent quarter.

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

Travelers Companies Trading Up 0.4 %

Shares of NYSE:TRV traded up $1.08 during mid-day trading on Monday, reaching $261.90. 67,985 shares of the company’s stock were exchanged, compared to its average volume of 1,298,911. The firm has a market capitalization of $59.46 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $170.88 and a twelve month high of $269.55. The business’s fifty day moving average price is $244.44 and its 200-day moving average price is $224.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly 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. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The business’s revenue was up 11.9% on a year-over-year basis. On average, research analysts predict that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Insider Activity

In other news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TRV shares. Wells Fargo & Company raised their price target 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 raised their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price target 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. Roth Mkm boosted their price objective 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. Finally, The Goldman Sachs Group raised their target price on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target 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.