Brendel Financial Advisors LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Brendel Financial Advisors LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 944 shares of the insurance provider’s stock, valued at approximately $221,000.

Several other large investors have also added to or reduced their stakes in TRV. Sei Investments Co. grew its stake in Travelers Companies by 4.3% during the fourth quarter. Sei Investments Co. now owns 155,256 shares of the insurance provider’s stock worth $29,572,000 after purchasing an additional 6,404 shares during the period. Balyasny Asset Management L.P. grew its stake in Travelers Companies by 136.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 224,885 shares of the insurance provider’s stock worth $42,838,000 after purchasing an additional 129,920 shares during the period. Ethic Inc. grew its stake in Travelers Companies by 15.6% during the fourth quarter. Ethic Inc. now owns 29,030 shares of the insurance provider’s stock worth $5,530,000 after purchasing an additional 3,915 shares during the period. Jacobi Capital Management LLC grew its stake in Travelers Companies by 3.7% in the fourth quarter. Jacobi Capital Management LLC now owns 7,738 shares of the insurance provider’s stock valued at $1,474,000 after acquiring an additional 275 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in Travelers Companies by 6,167.2% in the fourth quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock valued at $63,596,000 after acquiring an additional 328,527 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TRV shares. Wells Fargo & Company raised their price objective on Travelers Companies from $206.00 to $207.00 and gave the company an “equal weight” rating in a research note on Thursday. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Barclays started coverage on Travelers Companies in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $229.95.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV traded up $1.55 during trading hours on Thursday, reaching $233.02. The stock had a trading volume of 334,108 shares, compared to its average volume of 1,310,733. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50 day simple moving average of $226.94 and a 200 day simple moving average of $218.69. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48. The stock has a market cap of $53.11 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same period in the prior year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.16 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

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.