The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 202.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 257,047 shares of the insurance provider's stock after acquiring an additional 172,027 shares during the quarter. Assenagon Asset Management S.A. owned 0.11% of Travelers Companies worth $61,920,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its stake in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after buying an additional 45 shares during the period. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the third quarter worth $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the third quarter worth $50,000. Versant Capital Management Inc raised its stake in shares of Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its holdings in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock valued at $65,000 after purchasing an additional 50 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares of the company's stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction on Thursday, October 24th. The stock was 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 owns 250,384 shares of the company's stock, valued at $65,099,840. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock valued at $20,295,856 over the last quarter. Corporate insiders own 1.33% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV stock traded up $2.56 during midday trading on Thursday, hitting $242.54. The company had a trading volume of 970,709 shares, compared to its average volume of 1,361,091. The Travelers Companies, Inc. has a 52-week low of $195.57 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company's 50 day simple moving average is $250.11 and its 200 day simple moving average is $235.43. The stock has a market cap of $55.06 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.01 and a beta of 0.65.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share 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 firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the firm posted $1.95 EPS. Travelers Companies's quarterly revenue was up 11.9% on a year-over-year basis. Research analysts anticipate that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on TRV. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. UBS Group raised their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Janney Montgomery Scott cut shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. Piper Sandler reduced their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, HSBC upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and an average target price of $254.65.

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.