Generali Asset Management SPA SGR Has $5.65 Million Stock Position in The Travelers Companies, Inc. $TRV

Key Points

• Generali Asset Management SPA SGR increased its stake in The Travelers Companies by 46.7%, acquiring an additional 6,722 shares, bringing total shares owned to 21,128, valued at $5.65 million.
• Insider selling has been notable, with executives Mojgan M. Lefebvre and Gregory C. Toczydlowski selling a combined total of 28,325 shares worth over $7.7 million in recent transactions.
• Wall Street analysts have mixed ratings on Travelers Companies, with target prices ranging from $284 to $297, and an average price target of $290.11.

Generali Asset Management SPA SGR increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 46.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,128 shares of the insurance provider's stock after purchasing an additional 6,722 shares during the quarter. Generali Asset Management SPA SGR's holdings in Travelers Companies were worth $5,653,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies during the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co boosted its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Nova Wealth Management Inc. bought a new position in Travelers Companies during the 2nd quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in Travelers Companies during the 1st quarter worth approximately $32,000. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRV. UBS Group raised their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an "underweight" rating in a report on Thursday, October 9th. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a "peer perform" rating on the stock. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $275.00 to $291.00 and gave the company an "equal weight" rating in a report on Wednesday, October 8th. Finally, Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $290.11.

Travelers Companies Price Performance

NYSE:TRV opened at $269.54 on Thursday. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $274.06 and a 200 day simple moving average of $266.33. The stock has a market capitalization of $60.68 billion, a PE ratio of 11.92, a P/E/G ratio of 3.06 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the previous year, the business posted $2.51 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies 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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