Edgestream Partners L.P. Buys New Position in The Travelers Companies, Inc. (NYSE:TRV)

Edgestream Partners L.P. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,152 shares of the insurance provider's stock, valued at approximately $1,909,000.

Other large investors also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at about $25,000. Wolff Wiese Magana LLC grew its stake in 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 acquiring an additional 45 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the 3rd quarter worth about $50,000. Salomon & Ludwin LLC lifted its position in shares of Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock worth $65,000 after purchasing an additional 50 shares during the period. Finally, Pacifica Partners Inc. purchased a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $66,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

TRV stock traded up $1.14 on Wednesday, hitting $261.73. The company's stock had a trading volume of 1,138,096 shares, compared to its average volume of 1,300,855. The firm has a 50 day moving average of $250.76 and a two-hundred day moving average of $228.57. The Travelers Companies, Inc. has a 1 year low of $180.44 and a 1 year high of $269.55. The stock has a market cap of $59.42 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 1.25 and a beta of 0.63. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 EPS. Equities analysts predict that The Travelers Companies, Inc. will post 18.83 EPS 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 of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TRV. UBS Group increased their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Barclays raised their price target on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. BMO Capital Markets raised their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company increased their price objective on shares of 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 research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $251.15.

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares of the company's stock, 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 SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company'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 value of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 in the last 90 days. 1.33% of the stock is currently owned by 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.