Savior LLC Takes $34,000 Position in Travelers Companies Inc (NYSE:TRV)

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Savior LLC bought a new position in shares of Travelers Companies Inc (NYSE:TRV) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 249 shares of the insurance provider’s stock, valued at approximately $34,000.

Several other hedge funds have also made changes to their positions in the company. Allred Capital Management LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $29,000. Bourgeon Capital Management LLC purchased a new stake in Travelers Companies during the 3rd quarter worth approximately $36,000. Prestige Wealth Management Group LLC purchased a new stake in Travelers Companies during the 2nd quarter worth approximately $37,000. Cutler Group LP increased its stake in Travelers Companies by 177.0% during the 3rd quarter. Cutler Group LP now owns 277 shares of the insurance provider’s stock worth $41,000 after buying an additional 177 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Travelers Companies during the third quarter valued at approximately $48,000. 80.56% of the stock is owned by institutional investors and hedge funds.

TRV opened at $134.19 on Friday. The firm has a market capitalization of $36.48 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90. The company’s 50 day simple moving average is $136.80 and its two-hundred day simple moving average is $141.72. Travelers Companies Inc has a 1-year low of $122.58 and a 1-year high of $155.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.26 billion. Travelers Companies had a return on equity of 9.13% and a net margin of 7.57%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 earnings per share. On average, equities analysts anticipate that Travelers Companies Inc will post 9.55 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the company. Evercore ISI initiated coverage on Travelers Companies in a research report on Thursday, October 17th. They issued an “underperform” rating and a $128.00 target price on the stock. Argus dropped their price target on Travelers Companies to $145.00 in a research report on Thursday, October 24th. Morgan Stanley reduced their price objective on Travelers Companies from $136.00 to $125.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank upgraded Travelers Companies from a “sell” rating to a “hold” rating and set a $140.00 price objective on the stock in a report on Tuesday, October 22nd. Finally, Buckingham Research decreased their price objective on Travelers Companies from $158.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and an average target price of $145.14.

In other news, Vice Chairman William H. Heyman sold 2,185 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $136.20, for a total value of $297,597.00. Following the completion of the sale, the insider now directly owns 241,930 shares in the company, valued at $32,950,866. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

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.

Further Reading: Treasury Bonds

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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