Cookson Peirce & Co. Inc. Buys 6,933 Shares of Travelers Companies Inc (NYSE:TRV)

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Cookson Peirce & Co. Inc. increased its stake in Travelers Companies Inc (NYSE:TRV) by 158.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,308 shares of the insurance provider’s stock after buying an additional 6,933 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Travelers Companies were worth $1,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BLB&B Advisors LLC lifted its position in shares of Travelers Companies by 1.5% during the second quarter. BLB&B Advisors LLC now owns 4,788 shares of the insurance provider’s stock worth $716,000 after purchasing an additional 70 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Travelers Companies by 0.3% during the second quarter. Pinnacle Associates Ltd. now owns 24,817 shares of the insurance provider’s stock worth $3,711,000 after purchasing an additional 71 shares during the last quarter. Cibc Bank USA lifted its position in shares of Travelers Companies by 2.4% during the second quarter. Cibc Bank USA now owns 3,194 shares of the insurance provider’s stock worth $478,000 after purchasing an additional 76 shares during the last quarter. Zeke Capital Advisors LLC lifted its position in shares of Travelers Companies by 1.5% during the third quarter. Zeke Capital Advisors LLC now owns 5,172 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 76 shares during the last quarter. Finally, Breiter Capital Management Inc. lifted its position in shares of Travelers Companies by 1.0% during the third quarter. Breiter Capital Management Inc. now owns 7,747 shares of the insurance provider’s stock worth $1,152,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 82.10% of the company’s stock.

In related news, Director Philip T. Ruegger III bought 700 shares of the business’s stock in a transaction on Monday, August 19th. The shares were bought at an average price of $147.49 per share, for a total transaction of $103,243.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andy F. Bessette sold 11,650 shares of Travelers Companies stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $146.85, for a total value of $1,710,802.50. Following the completion of the transaction, the executive vice president now owns 21,259 shares in the company, valued at approximately $3,121,884.15. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Several analysts have recently weighed in on TRV shares. Buckingham Research downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a research report on Friday, July 19th. Royal Bank of Canada lifted their target price on Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Credit Suisse Group decreased their target price on Travelers Companies from $141.00 to $126.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. MKM Partners upgraded Travelers Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $160.00 in a research report on Monday, October 28th. Finally, Argus decreased their target price on Travelers Companies to $145.00 in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $147.93.

TRV stock opened at $133.29 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. The business has a 50-day moving average price of $139.49 and a 200 day moving average price of $145.71. The company has a market capitalization of $33.88 billion, a P/E ratio of 14.91, a PEG ratio of 1.45 and a beta of 0.90. Travelers Companies Inc has a 1-year low of $111.08 and a 1-year high of $155.09.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $2.35 by ($0.92). The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.17 billion. Travelers Companies had a net margin of 7.57% and a return on equity of 9.13%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.54 earnings per share. On average, analysts anticipate that Travelers Companies Inc will post 9.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $0.82 dividend. The ex-dividend date is Monday, December 9th. This represents a $3.28 annualized dividend and a yield of 2.46%. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.

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.

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

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