19,255 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Avanza Fonder AB

Avanza Fonder AB purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,255 shares of the insurance provider's stock, valued at approximately $4,638,000.

Several other institutional investors also recently modified their holdings of the business. FMR LLC grew its holdings in Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. International Assets Investment Management LLC grew its holdings in 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 purchasing an additional 518,075 shares during the period. Bank of Montreal Can grew its holdings in 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 purchasing an additional 282,884 shares during the period. Point72 Asset Management L.P. acquired a new position in Travelers Companies during the third quarter valued at approximately $54,988,000. Finally, Janus Henderson Group PLC grew its holdings in Travelers Companies by 216.3% during the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider's stock valued at $79,582,000 after purchasing an additional 232,428 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the company's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of the company's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares in the company, valued at approximately $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TRV has been the subject of a number of analyst reports. Bank of America boosted their price objective 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. HSBC raised shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target on the stock in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Royal Bank of Canada lifted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average target price of $254.65.

Travelers Companies Stock Performance

NYSE TRV traded down $2.72 on Friday, hitting $239.65. 1,346,193 shares of the stock were exchanged, compared to its average volume of 993,809. 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 business's fifty day moving average is $249.57 and its 200 day moving average is $235.73. The Travelers Companies, Inc. has a 52 week low of $195.57 and a 52 week high of $269.55. The company has a market capitalization of $54.41 billion, a PE ratio of 12.29, a P/E/G ratio of 1.01 and a beta of 0.65.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly 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. 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 in the prior year, the firm posted $1.95 earnings per share. The company's quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 18.94 EPS for the current fiscal year.

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.