The Travelers Companies, Inc. $TRV Stock Position Raised by Cullinan Associates Inc.

Cullinan Associates Inc. boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,484 shares of the insurance provider’s stock after purchasing an additional 2,173 shares during the period. Cullinan Associates Inc.’s holdings in Travelers Companies were worth $7,116,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TRV. Barnes Dennig Private Wealth Management LLC increased its stake in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Osterweis Capital Management Inc. grew its holdings in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Missouri Trust & Investment Co increased its stake in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Delos Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the second quarter worth $27,000. Finally, Clayton Financial Group LLC acquired a new stake in Travelers Companies during the third quarter valued at $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the sale, the executive vice president directly owned 117,596 shares in the company, valued at approximately $34,776,665.08. This trade represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,493,829. This trade represents a 48.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 46,295 shares of company stock valued at $13,011,918. Company insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TRV shares. Evercore ISI increased their price target on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a research report on Wednesday, January 7th. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Barclays decreased their price target on Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Finally, Morgan Stanley raised their price objective on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $299.19.

Travelers Companies Stock Down 3.3%

TRV stock opened at $271.22 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $296.85. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a market cap of $60.50 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 2.68 and a beta of 0.52. The business’s 50-day simple moving average is $286.81 and its 200 day simple moving average is $275.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the prior year, the business posted $5.24 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 17.30%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.