B. Metzler seel. Sohn & Co. Holding AG Makes New $2.93 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,523 shares of the insurance provider's stock, valued at approximately $2,932,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies in the first quarter worth $35,000. Beacon Capital Management LLC grew its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock valued at $36,000 after buying an additional 66 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after buying an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter valued at $50,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $257.12 on Thursday. 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 business's 50 day moving average price is $245.79 and its two-hundred day moving average price is $225.37. The company has a market cap of $58.37 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $172.38 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the previous year, the firm earned $1.95 EPS. The firm's revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio is presently 21.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TRV shares. Roth Mkm increased their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Bank of America increased their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research note on Thursday, October 17th. 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. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the company a "sell" rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $251.15.

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly 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. In the last 90 days, insiders sold 74,409 shares of company stock valued at $19,305,504. Company insiders own 1.33% of the company's stock.

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.