AustralianSuper Pty Ltd Acquires Shares of 24,519 The Travelers Companies, Inc. (NYSE:TRV)

AustralianSuper Pty Ltd purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,519 shares of the insurance provider's stock, valued at approximately $5,906,000.

Several other hedge funds have also modified their holdings of the company. Ledyard National Bank lifted its position in shares of Travelers Companies by 1.9% during the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock valued at $484,000 after buying an additional 39 shares during the last quarter. Trueblood Wealth Management LLC raised its position in shares of Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock valued at $423,000 after purchasing an additional 41 shares during the last quarter. Quent Capital LLC raised its position in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after purchasing an additional 43 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 44 shares during the last quarter. Finally, Somerset Trust Co raised its position in shares of Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after purchasing an additional 45 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $3.78 during midday trading on Wednesday, reaching $242.18. 1,330,139 shares of the stock were exchanged, compared to its average volume of 1,353,023. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The firm has a market cap of $54.91 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.14 and a beta of 0.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a 50-day simple moving average of $242.28 and a two-hundred day simple moving average of $241.29.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $7.01 EPS. The business's revenue was up 9.9% on a year-over-year basis. As a group, analysts anticipate that The Travelers Companies, Inc. will post 18.78 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies's dividend payout ratio (DPR) is 19.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TRV shares. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Janney Montgomery Scott lowered shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $275.00 to $286.00 in a research report on Wednesday. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $261.05.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.33% of the company's stock.

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.