Arvest Bank Trust Division Invests $16.34 Million in The Travelers Companies, Inc. (NYSE:TRV)

Arvest Bank Trust Division bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 69,810 shares of the insurance provider's stock, valued at approximately $16,344,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Travelers Companies by 356.4% during the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock valued at $176,589,000 after purchasing an additional 678,241 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock valued at $121,811,000 after buying an additional 518,075 shares during the period. Bank of Montreal Can increased its position in shares of Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock valued at $166,645,000 after buying an additional 282,884 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Travelers Companies in the third quarter worth about $54,988,000. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wells Fargo & Company reiterated an "underweight" rating and set a $217.00 target price (down previously from $256.00) on shares of Travelers Companies in a report on Wednesday. Royal Bank of Canada upped their price target on Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, The Goldman Sachs Group increased their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a research note on Tuesday, October 22nd. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $251.70.

Travelers Companies Stock Performance

TRV traded down $1.28 during midday trading on Thursday, hitting $243.86. 1,968,638 shares of the company traded hands, compared to its average volume of 1,312,746. The company's 50-day moving average is $252.61 and its 200 day moving average is $229.94. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $55.36 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.63. The Travelers Companies, Inc. has a 52 week low of $181.03 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results 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. The company 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 firm's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $1.95 earnings per share. On average, research analysts expect that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company's stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by company insiders.

Travelers Companies 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.