20,945 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Arjuna Capital

Arjuna Capital bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,945 shares of the insurance provider's stock, valued at approximately $4,904,000. Travelers Companies accounts for 1.3% of Arjuna Capital's investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. JPMorgan Chase & Co. boosted its stake in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider's stock worth $2,702,588,000 after buying an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider's stock worth $619,241,000 after buying an additional 165,708 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider's stock worth $474,774,000 after buying an additional 37,029 shares during the last quarter. Boston Partners boosted its stake in shares of Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider's stock worth $319,348,000 after buying an additional 196,011 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Travelers Companies by 8.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider's stock valued at $233,769,000 after purchasing an additional 85,619 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction on Monday, October 28th. The shares were 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares of the company's stock, valued at $4,302,736.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock valued at $16,580,166 over the last quarter. Insiders own 1.33% of the company's stock.

Analysts Set New Price Targets

TRV has been the topic of a number of research analyst reports. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Bank of America upped their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a report on Thursday, October 17th. Roth Mkm increased their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 21st. BMO Capital Markets increased their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $247.90.

Travelers Companies Trading Down 0.5 %

Shares of NYSE:TRV traded down $1.28 during mid-day trading on Wednesday, reaching $256.71. 891,908 shares of the company's stock were exchanged, compared to its average volume of 1,305,557. The firm has a market capitalization of $58.28 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.24 and a beta of 0.62. The business's fifty day moving average price is $242.91 and its 200-day moving average price is $223.53. 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 twelve month low of $167.08 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping 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%. Travelers Companies's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share. On average, research analysts predict that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal 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. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. 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.