Marino Stram & Associates LLC Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Marino Stram & Associates LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,118 shares of the insurance provider’s stock after purchasing an additional 57 shares during the period. Marino Stram & Associates LLC’s holdings in Travelers Companies were worth $269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC increased its stake in shares of Travelers Companies by 17.2% in the 4th quarter. Global Trust Asset Management LLC now owns 1,334 shares of the insurance provider’s stock worth $321,000 after acquiring an additional 196 shares during the last quarter. Advisory Alpha LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth $338,000. Simon Quick Advisors LLC increased its stake in shares of Travelers Companies by 9.1% in the 4th quarter. Simon Quick Advisors LLC now owns 1,551 shares of the insurance provider’s stock worth $374,000 after acquiring an additional 130 shares during the last quarter. Atomi Financial Group Inc. increased its stake in shares of Travelers Companies by 14.0% in the 4th quarter. Atomi Financial Group Inc. now owns 2,785 shares of the insurance provider’s stock worth $671,000 after acquiring an additional 343 shares during the last quarter. Finally, Legal Advantage Investments Inc. increased its stake in shares of Travelers Companies by 37.9% in the 4th quarter. Legal Advantage Investments Inc. now owns 1,379 shares of the insurance provider’s stock worth $332,000 after acquiring an additional 379 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on TRV shares. BMO Capital Markets raised their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company cut their price objective on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Barclays cut their price objective on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $255.16.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,670 shares of company stock valued at $4,861,329 over the last three months. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $246.67 on Thursday. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The company has a market cap of $56.00 billion, a PE ratio of 12.65, a P/E/G ratio of 1.05 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The business has a 50-day simple moving average of $248.81 and a 200-day simple moving average of $236.70.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $7.01 earnings per share. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 19 EPS for the current fiscal year.

About Travelers Companies

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.