Procyon Advisors LLC Acquires 2,052 Shares of The Travelers Companies, Inc. $TRV

Procyon Advisors LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 82.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,554 shares of the insurance provider’s stock after buying an additional 2,052 shares during the quarter. Procyon Advisors LLC’s holdings in Travelers Companies were worth $1,272,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TRV. First National Corp MA ADV raised its holdings in shares of Travelers Companies by 2.9% during the third quarter. First National Corp MA ADV now owns 1,944 shares of the insurance provider’s stock valued at $539,000 after purchasing an additional 55 shares during the last quarter. Silverlake Wealth Management LLC purchased a new stake in Travelers Companies in the third quarter worth approximately $208,000. Versant Capital Management Inc grew its position in Travelers Companies by 24.4% in the 3rd quarter. Versant Capital Management Inc now owns 540 shares of the insurance provider’s stock worth $151,000 after purchasing an additional 106 shares during the period. Cullinan Associates Inc. raised its stake in Travelers Companies by 9.3% during the 3rd quarter. Cullinan Associates Inc. now owns 25,484 shares of the insurance provider’s stock valued at $7,116,000 after buying an additional 2,173 shares during the last quarter. Finally, Ashton Thomas Securities LLC lifted its holdings in shares of Travelers Companies by 8.3% during the 3rd quarter. Ashton Thomas Securities LLC now owns 917 shares of the insurance provider’s stock valued at $256,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.6%

Travelers Companies stock opened at $270.99 on Friday. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $296.85. The firm has a market capitalization of $60.45 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 2.60 and a beta of 0.52. The firm has a 50 day moving average of $286.62 and a 200 day moving average of $275.24. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.24 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the transaction, the insider directly owned 255,086 shares in the company, valued at $73,337,225. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Olivo sold 8,920 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $34,776,665.08. This represents a 7.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,295 shares of company stock worth $13,011,918 in the last quarter. Corporate insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI upped their price objective on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Wells Fargo & Company upped their price target on shares of Travelers Companies from $294.00 to $307.00 and gave the company an “equal weight” rating in a research report on Tuesday. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $305.00 to $317.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Cantor Fitzgerald increased their price target on shares of Travelers Companies from $308.00 to $316.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $299.69.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.