The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,628 shares of the insurance provider’s stock after purchasing an additional 190 shares during the quarter. Brookstone Capital Management’s holdings in Travelers Companies were worth $392,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TRV. Blair William & Co. IL grew its holdings in shares of Travelers Companies by 0.4% in the second quarter. Blair William & Co. IL now owns 33,878 shares of the insurance provider’s stock valued at $6,889,000 after purchasing an additional 137 shares during the period. Intech Investment Management LLC grew its holdings in shares of Travelers Companies by 37.9% in the second quarter. Intech Investment Management LLC now owns 41,053 shares of the insurance provider’s stock valued at $8,348,000 after purchasing an additional 11,286 shares during the period. Brighton Jones LLC grew its holdings in shares of Travelers Companies by 17.4% in the second quarter. Brighton Jones LLC now owns 3,036 shares of the insurance provider’s stock valued at $617,000 after purchasing an additional 449 shares during the period. Ieq Capital LLC boosted its stake in Travelers Companies by 13.7% during the second quarter. Ieq Capital LLC now owns 12,111 shares of the insurance provider’s stock worth $2,463,000 after buying an additional 1,462 shares during the period. Finally, Bridges Investment Management Inc. boosted its stake in Travelers Companies by 2.2% during the second quarter. Bridges Investment Management Inc. now owns 4,409 shares of the insurance provider’s stock worth $897,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies 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 transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Down 1.1 %

TRV stock opened at $239.65 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $195.57 and a twelve month high of $269.55. The company’s 50 day moving average is $249.57 and its two-hundred day moving average is $235.73. The stock has a market cap of $54.41 billion, a P/E ratio of 12.29, a PEG ratio of 1.01 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the company earned $1.95 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts expect that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on TRV shares. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Royal Bank of Canada increased their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. BMO Capital Markets increased their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $254.65.

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.