Mount Yale Investment Advisors LLC Buys 141 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mount Yale Investment Advisors LLC grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 8.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,724 shares of the insurance provider’s stock after purchasing an additional 141 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Travelers Companies were worth $404,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ledyard National Bank lifted its holdings in Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after buying an additional 39 shares during the period. Cornell Pochily Investment Advisors Inc. raised its position in shares of Travelers Companies by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after acquiring an additional 42 shares in the last quarter. Willner & Heller LLC lifted its stake in shares of Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after purchasing an additional 45 shares during the period. Wolff Wiese Magana LLC boosted its position 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 purchasing an additional 45 shares in the last quarter. Finally, Drive Wealth Management LLC grew its stake in Travelers Companies by 2.8% in the second quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock worth $360,000 after purchasing an additional 48 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’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 transaction, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were 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 directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,479 shares of company stock worth $15,434,526. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRV. BMO Capital Markets upped their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Citigroup upped their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods lifted their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their price target on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $247.90.

Travelers Companies Trading Down 2.3 %

Shares of NYSE:TRV opened at $250.50 on Monday. The Travelers Companies, Inc. has a 52-week low of $159.89 and a 52-week high of $269.55. The stock has a market capitalization of $57.36 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s 50-day simple moving average is $236.19 and its two-hundred day simple moving average is $220.54.

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. 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 during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the previous year, the business posted $1.95 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 18.24 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.68%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

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.