Nisa Investment Advisors LLC Sells 505 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Nisa Investment Advisors LLC decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 89,334 shares of the insurance provider’s stock after selling 505 shares during the period. Nisa Investment Advisors LLC’s holdings in Travelers Companies were worth $21,520,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC increased its stake in shares of 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 purchasing an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new stake in Travelers Companies in the third quarter worth $41,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies in the third quarter valued at $50,000. Versant Capital Management Inc raised 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 valued at $61,000 after buying an additional 215 shares during the period. Finally, Salomon & Ludwin LLC lifted its position in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $246.67 on Thursday. The business’s 50-day moving average price is $248.81 and its 200-day moving average price is $236.70. The firm has a market capitalization of $56.00 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

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. The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10,795,375 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $7.01 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction 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 approximately $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,670 shares of company stock worth $4,861,329 in the last 90 days. 1.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TRV shares. Piper Sandler lowered their price objective on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Roth Mkm boosted their price target 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. Barclays cut their price objective on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada boosted 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. Finally, BMO Capital Markets raised their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $255.16.

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.