Sanibel Captiva Trust Company Inc. Raises Stake in The Travelers Companies, Inc. (NYSE:TRV)

Sanibel Captiva Trust Company Inc. grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,196 shares of the insurance provider’s stock after acquiring an additional 47 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Travelers Companies were worth $529,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TRV. Wolff Wiese Magana LLC boosted its holdings in 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. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the third quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the third quarter worth approximately $50,000. Versant Capital Management Inc increased its stake in shares of Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in shares of Travelers Companies by 22.1% in the third 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. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,145,639.20. Following the completion of the transaction, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,684 shares of company stock worth $8,728,319 over the last three months. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

TRV stock opened at $239.65 on Monday. The stock’s 50 day simple moving average is $249.57 and its 200 day simple moving average is $235.96. 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 $195.57 and a 12-month high of $269.55. The stock has a market capitalization of $54.41 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released 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 company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.95 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRV has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. UBS Group raised their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America upped their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods cut their price objective on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Finally, Wells Fargo & Company decreased their target price on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $254.65.

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.