Union Savings Bank Sells 181 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Union Savings Bank reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,543 shares of the insurance provider’s stock after selling 181 shares during the period. Union Savings Bank’s holdings in Travelers Companies were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Wolff Wiese Magana LLC grew its stake in Travelers Companies by 39.1% in the 3rd 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 stake in shares of Travelers Companies during the third quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the third quarter valued at approximately $50,000. Versant Capital Management Inc increased its stake in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the period. Finally, Salomon & Ludwin LLC lifted its holdings in Travelers Companies by 22.1% during the 3rd 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. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BMO Capital Markets upped their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report 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 on the stock in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $254.65.

Travelers Companies Trading Down 1.1 %

Shares of Travelers Companies stock opened at $239.65 on Monday. The firm has a market capitalization of $54.41 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. 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 firm’s 50 day moving average is $249.57 and its 200 day moving average is $235.96. The Travelers Companies, Inc. has a 1 year low of $195.57 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results 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 firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the firm posted $1.95 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,684 shares of company stock worth $8,728,319 in the last 90 days. Insiders own 1.33% of the company’s stock.

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.