The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Northern Financial Advisors Inc

Northern Financial Advisors Inc trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,531 shares of the insurance provider’s stock after selling 182 shares during the period. Travelers Companies makes up 1.3% of Northern Financial Advisors Inc’s portfolio, making the stock its 19th biggest position. Northern Financial Advisors Inc’s holdings in Travelers Companies were worth $1,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at approximately $899,000. Creative Planning increased its stake in shares of Travelers Companies by 3.5% in the third quarter. Creative Planning now owns 84,571 shares of the insurance provider’s stock worth $19,800,000 after buying an additional 2,875 shares during the last quarter. Swedbank AB raised its holdings in Travelers Companies by 8.2% in the third quarter. Swedbank AB now owns 123,619 shares of the insurance provider’s stock valued at $28,942,000 after acquiring an additional 9,377 shares in the last quarter. Magnus Financial Group LLC bought a new position in Travelers Companies during the 3rd quarter valued at $230,000. Finally, Sumitomo Life Insurance Co. grew its holdings in Travelers Companies by 2.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 5,925 shares of the insurance provider’s stock worth $1,387,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were 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 directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent analyst reports. Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. UBS Group upped their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Finally, Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Stock Performance

Shares of TRV stock opened at $243.22 on Friday. The business has a 50 day simple moving average of $243.62 and a 200 day simple moving average of $240.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The firm has a market capitalization of $55.22 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $7.01 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 20.57 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

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.