Clarity Financial LLC Buys Shares of 1,945 The Travelers Companies, Inc. (NYSE:TRV)

Clarity Financial LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,945 shares of the insurance provider’s stock, valued at approximately $455,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after acquiring an additional 165,708 shares during the period. Legal & General Group Plc lifted its stake in shares of Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after acquiring an additional 37,029 shares during the period. Boston Partners lifted its stake in shares of Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after acquiring an additional 196,011 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Travelers Companies by 8.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock worth $233,769,000 after acquiring an additional 85,619 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 1.2 %

TRV stock opened at $242.81 on Tuesday. The Travelers Companies, Inc. has a 52-week low of $167.08 and a 52-week high of $269.55. The company’s 50 day simple moving average is $239.59 and its 200-day simple moving average is $221.83. 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 firm has a market capitalization of $55.12 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.18 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for 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%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Buying and Selling

In related news, 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 approximately $57,726,870.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. 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 sold 63,999 shares of company stock valued at $16,580,166. Company insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRV. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. BMO Capital Markets upped their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley cut their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, Bank of America increased their target price 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. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $247.90.

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.