Rovin Capital UT ADV Acquires Shares of 844 The Travelers Companies, Inc. (NYSE:TRV)

Rovin Capital UT ADV bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 844 shares of the insurance provider’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently modified their holdings of TRV. Ledyard National Bank increased its position in shares of Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after buying an additional 39 shares in the last quarter. Trueblood Wealth Management LLC increased its holdings in Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after acquiring an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. raised its position in Travelers Companies by 2.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after acquiring an additional 42 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 44 shares in the last quarter. Finally, Willner & Heller LLC increased its stake in shares of Travelers Companies by 4.1% during the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 45 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV opened at $242.54 on Friday. The firm has a market cap of $55.06 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.01 and a beta of 0.65. 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 stock’s 50-day moving average price is $250.11 and its 200 day moving average price is $235.43. The Travelers Companies, Inc. has a 12-month low of $195.57 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The business 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 business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.95 earnings per share. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 18.94 earnings per share for the current year.

Analyst Ratings Changes

TRV has been the topic of a number of research reports. Jefferies Financial Group raised their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. UBS Group raised their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods dropped their target price on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Finally, Royal Bank of Canada raised their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $254.65.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,149 shares of company stock worth $20,295,856. Company insiders own 1.33% of the company’s stock.

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.