Providence Wealth Advisors LLC Purchases 105 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Providence Wealth Advisors LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,805 shares of the insurance provider’s stock after buying an additional 105 shares during the quarter. Providence Wealth Advisors LLC’s holdings in Travelers Companies were worth $1,234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRV. Quent Capital LLC boosted its holdings in Travelers Companies by 19.7% in the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after acquiring an additional 226 shares during the last quarter. Tidal Investments LLC boosted its holdings in Travelers Companies by 4.9% in the first quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock valued at $900,000 after acquiring an additional 184 shares during the last quarter. Virtu Financial LLC bought a new stake in Travelers Companies in the first quarter valued at approximately $640,000. Sanibel Captiva Trust Company Inc. boosted its holdings in Travelers Companies by 10.5% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 1,928 shares of the insurance provider’s stock valued at $444,000 after acquiring an additional 183 shares during the last quarter. Finally, Swedbank AB bought a new stake in Travelers Companies in the first quarter valued at approximately $26,618,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company boosted their price target on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research note on Thursday, November 21st. Jefferies Financial Group boosted their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their price target on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Trading Up 1.1 %

NYSE TRV opened at $266.66 on Friday. The firm has a market capitalization of $60.54 billion, a P/E ratio of 13.67, a PEG ratio of 1.26 and a beta of 0.62. The business has a fifty day simple moving average of $248.76 and a 200 day simple moving average of $227.23. The Travelers Companies, Inc. has a 12 month low of $175.88 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 released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies 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 value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock worth $20,295,856 in the last quarter. 1.33% of the stock is currently owned by company insiders.

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.