The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 37.9% during the 4th quarter, Holdings Channel reports. The fund owned 1,379 shares of the insurance provider’s stock after purchasing an additional 379 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Travelers Companies were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Travelers Companies in the second quarter worth approximately $9,798,000. Orion Portfolio Solutions LLC boosted its stake in shares of Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after acquiring an additional 4,665 shares during the last quarter. Czech National Bank raised its stake in Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the 3rd quarter valued at $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $5,840,163.66. This represents a 30.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,684 shares of company stock worth $7,946,669 in the last three months. Corporate insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TRV shares. Bank of America upped their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price target 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. UBS Group raised their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research note on Thursday, November 21st. Finally, Piper Sandler cut their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Four research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $254.65.

Travelers Companies Stock Performance

NYSE:TRV opened at $239.65 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $195.57 and a fifty-two week high of $269.55. The stock has a market cap of $54.41 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65. The firm’s fifty day simple moving average is $249.57 and its 200-day simple moving average is $236.18.

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.