Charles Schwab Investment Management Inc. Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Charles Schwab Investment Management Inc. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,496,652 shares of the insurance provider’s stock after buying an additional 10,285 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Travelers Companies were worth $350,396,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Y.D. More Investments Ltd acquired a new position in Travelers Companies in the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at approximately $35,000. Beacon Capital Management LLC grew its stake in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Wolff Wiese Magana LLC raised its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Travelers Companies during the third quarter valued at $50,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TRV. BMO Capital Markets upped their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Roth Mkm increased their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Bank of America upped their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Stock Performance

NYSE:TRV opened at $262.47 on Friday. The company has a market cap of $59.59 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $175.88 and a 52 week high of $269.55. The company has a fifty day simple moving average of $246.83 and a two-hundred day simple moving average of $225.94.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter last year, the company earned $1.95 EPS. Travelers Companies’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 18.68 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,409 shares of company stock valued at $19,305,504. 1.33% of the stock is currently owned by corporate insiders.

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.