The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by State Street Corp

State Street Corp boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the third quarter, Holdings Channel.com reports. The firm owned 15,566,941 shares of the insurance provider’s stock after acquiring an additional 120,228 shares during the period. State Street Corp owned about 0.07% of Travelers Companies worth $3,644,532,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC grew its holdings in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new stake in Travelers Companies during the 3rd quarter valued at $41,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the 3rd quarter valued at $50,000. Finally, Salomon & Ludwin LLC grew its holdings in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 50 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.6 %

Shares of NYSE:TRV opened at $263.31 on Friday. The company has a market cap of $59.78 billion, a PE ratio of 13.50, a P/E/G ratio of 1.24 and a beta of 0.63. The company’s 50-day moving average price is $251.30 and its 200 day moving average price is $228.81. The Travelers Companies, Inc. has a fifty-two week low of $180.44 and a fifty-two week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 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 business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter last year, the business earned $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.60%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Activity at Travelers Companies

In related news, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value 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 $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 over the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TRV has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Roth Mkm raised their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $251.15.

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.