The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Fmr LLC

Fmr LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,048,691 shares of the insurance provider’s stock after buying an additional 1,568,909 shares during the quarter. Fmr LLC owned about 6.19% of Travelers Companies worth $3,289,079,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TRV. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies during the first quarter valued at approximately $35,000. Beacon Capital Management LLC grew its holdings in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies during the third quarter worth about $50,000. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price target on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. Finally, Royal Bank of Canada upped their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $251.15.

Travelers Companies Trading Down 0.5 %

NYSE TRV opened at $261.17 on Tuesday. The stock has a market cap of $59.29 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $175.88 and a twelve month high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50 day moving average price is $247.20 and its two-hundred day moving average price is $226.36.

Travelers Companies (NYSE:TRV) last issued its 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 net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter last year, the business posted $1.95 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,409 shares of company stock worth $19,305,504 over the last three months. Corporate insiders own 1.33% of the company’s stock.

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.