The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,687 shares of the insurance provider’s stock after purchasing an additional 815 shares during the period. Vinva Investment Management Ltd’s holdings in Travelers Companies were worth $2,996,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Financial Counselors Inc. increased its position in Travelers Companies by 1.1% during the third quarter. Financial Counselors Inc. now owns 98,524 shares of the insurance provider’s stock worth $23,066,000 after buying an additional 1,032 shares in the last quarter. Public Sector Pension Investment Board increased its position in Travelers Companies by 2.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 39,630 shares of the insurance provider’s stock worth $9,278,000 after purchasing an additional 800 shares in the last quarter. Fiduciary Trust Co raised its stake in Travelers Companies by 18.2% in the 3rd quarter. Fiduciary Trust Co now owns 4,331 shares of the insurance provider’s stock valued at $1,014,000 after purchasing an additional 666 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Travelers Companies by 5.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,187 shares of the insurance provider’s stock valued at $26,031,000 after purchasing an additional 5,948 shares in the last quarter. Finally, Blueshift Asset Management LLC boosted its stake in shares of Travelers Companies by 183.7% during the 3rd quarter. Blueshift Asset Management LLC now owns 3,719 shares of the insurance provider’s stock worth $871,000 after purchasing an additional 2,408 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TRV shares. Royal Bank of Canada boosted their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. UBS Group increased their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price target on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $251.15.

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

TRV stock opened at $266.66 on Friday. The firm has a market cap of $60.54 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. 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 Travelers Companies, Inc. has a 1 year low of $175.88 and a 1 year high of $269.55. The stock has a 50-day simple moving average of $248.76 and a 200-day simple moving average of $227.23.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data 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. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced 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 1.58%. Travelers Companies’s dividend payout ratio is presently 21.54%.

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.