Chicago Partners Investment Group LLC Has $1.23 Million Position in The Travelers Companies, Inc. $TRV

Chicago Partners Investment Group LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 109.1% during the 1st quarter, HoldingsChannel reports. The firm owned 4,075 shares of the insurance provider’s stock after acquiring an additional 2,126 shares during the period. Chicago Partners Investment Group LLC’s holdings in Travelers Companies were worth $1,229,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TRV. Brighton Jones LLC increased its holdings in shares of Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $276,000. WINTON GROUP Ltd bought a new stake in Travelers Companies during the 2nd quarter worth $382,000. CIBC Asset Management Inc grew its position in Travelers Companies by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after acquiring an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Travelers Companies by 2.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Jeffrey P. Klenk sold 6,414 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the sale, the insider directly owned 48,737 shares in the company, valued at $15,049,010.86. This trade represents a 12.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 37,573 shares of company stock worth $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $329.04 on Thursday. The business has a 50-day moving average of $312.16 and a 200-day moving average of $300.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $69.97 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.46. The Travelers Companies, Inc. has a 1 year low of $250.21 and a 1 year high of $349.35.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 28.31 earnings per share for the current year.

Wall Street Analyst Weigh In

TRV has been the subject of several research reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Travelers Companies in a research report on Monday, July 6th. HSBC raised their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. BMO Capital Markets boosted their target price on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Bank of America decreased their price target on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $329.11.

Travelers Companies Profile

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.