3,494 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Aljian Capital Management LLC

Aljian Capital Management LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,494 shares of the insurance provider's stock, valued at approximately $818,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Ledyard National Bank grew its stake in shares of Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock worth $484,000 after purchasing an additional 39 shares in the last quarter. Trueblood Wealth Management LLC raised its position in shares of Travelers Companies by 2.3% during the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock worth $423,000 after buying an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. raised its position in shares of Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider's stock worth $351,000 after buying an additional 42 shares in the last quarter. Willner & Heller LLC lifted its stake in shares of Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock worth $268,000 after acquiring an additional 45 shares during the period. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of the company'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 sale, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock worth $16,580,166 over the last ninety days. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Up 0.7 %

TRV stock traded up $1.87 during midday trading on Monday, reaching $262.69. The company had a trading volume of 1,099,743 shares, compared to its average volume of 1,303,548. The company has a 50 day moving average of $244.87 and a two-hundred day moving average of $224.82. The company has a market capitalization of $59.64 billion, a P/E ratio of 13.47, a PEG ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $170.88 and a 1 year high of $269.55. 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 announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the company earned $1.95 earnings per share. Travelers Companies's quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

TRV has been the subject of a number of research reports. Roth Mkm increased their price target on Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. UBS Group raised their target price on Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted 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. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Citigroup boosted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a "sell" rating in a report on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $247.90.

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.