Heritage Oak Wealth Advisors LLC Buys New Position in The Travelers Companies, Inc. (NYSE:TRV)

Heritage Oak Wealth Advisors LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,029 shares of the insurance provider’s stock, valued at approximately $241,000.

Other hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in Travelers Companies during the second quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies during the first quarter worth $35,000. Beacon Capital Management LLC boosted its position in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth $45,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Roth Mkm upped their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $247.90.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the 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 completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $5,840,163.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at $5,840,163.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,465 shares of company stock valued at $14,910,886. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV traded down $3.88 on Friday, reaching $252.54. 193,171 shares of the stock were exchanged, compared to its average volume of 1,310,670. The firm has a market capitalization of $57.83 billion, a PE ratio of 19.05, a PEG ratio of 1.28 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $159.89 and a one year high of $269.55. The company’s 50-day simple moving average is $234.71 and its two-hundred day simple moving average is $220.20. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating 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 in the previous year, the company earned $1.95 EPS. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 18.24 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

About Travelers Companies

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.