New Potomac Partners LLC Buys 90 Shares of Travelers Companies Inc (TRV)

New Potomac Partners LLC grew its stake in shares of Travelers Companies Inc (NYSE:TRV) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,450 shares of the insurance provider’s stock after purchasing an additional 90 shares during the quarter. Travelers Companies comprises 2.1% of New Potomac Partners LLC’s portfolio, making the stock its 14th biggest holding. New Potomac Partners LLC’s holdings in Travelers Companies were worth $1,970,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. First Command Bank grew its stake in shares of Travelers Companies by 108.5% in the fourth quarter. First Command Bank now owns 467 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 243 shares during the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in Travelers Companies in the fourth quarter worth about $66,000. Tributary Capital Management LLC purchased a new stake in Travelers Companies in the fourth quarter worth about $69,000. Highwater Wealth Management LLC purchased a new stake in Travelers Companies in the fourth quarter worth about $76,000. Finally, Legacy Financial Advisors Inc. lifted its holdings in Travelers Companies by 276.8% in the fourth quarter. Legacy Financial Advisors Inc. now owns 731 shares of the insurance provider’s stock worth $88,000 after buying an additional 537 shares during the period. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Andy F. Bessette sold 1,666 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $126.17, for a total transaction of $210,199.22. Following the completion of the sale, the executive vice president now owns 8,457 shares of the company’s stock, valued at approximately $1,067,019.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

NYSE:TRV traded up $0.68 during trading hours on Wednesday, reaching $123.04. The company had a trading volume of 159,680 shares, compared to its average volume of 1,253,064. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $150.55. The company has a market cap of $32.85 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 0.86 and a beta of 1.14.

Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The business had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Research analysts forecast that Travelers Companies Inc will post 8.89 earnings per share for the current year.

TRV has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a report on Friday, October 12th. Royal Bank of Canada lowered shares of Travelers Companies from an “outperform” rating to a “sector perform” rating and set a $133.00 price objective for the company. in a report on Tuesday, December 11th. Barclays upgraded shares of Travelers Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $135.00 to $145.00 in a report on Wednesday, January 9th. Credit Suisse Group restated a “hold” rating and issued a $141.00 price objective on shares of Travelers Companies in a report on Thursday, December 20th. Finally, Morgan Stanley lowered their price objective on shares of Travelers Companies from $126.00 to $119.00 and set an “underweight” rating for the company in a report on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $136.15.

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Travelers Companies Company 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.

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

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