Burney Co. Buys 189 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Burney Co. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,684 shares of the insurance provider’s stock after acquiring an additional 189 shares during the period. Burney Co.’s holdings in Travelers Companies were worth $2,815,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the business. Wolff Wiese Magana LLC grew its holdings in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC bought a new position in Travelers Companies in the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies during the 3rd quarter valued at about $50,000. Versant Capital Management Inc increased its holdings in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in shares of Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.4 %

NYSE:TRV opened at $240.14 on Thursday. The Travelers Companies, Inc. has a 1 year low of $194.54 and a 1 year high of $269.55. The company has a market cap of $54.52 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.01 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s fifty day moving average price is $250.38 and its two-hundred day moving average price is $235.40.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.95 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 18.94 EPS for the current year.

Insider Activity

In other news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 69.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly 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. In the last three months, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TRV shares. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their price target on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, UBS Group raised their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $254.65.

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.