B&L Asset Management LLC Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

B&L Asset Management LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,713 shares of the insurance provider's stock, valued at approximately $5,083,000. Travelers Companies makes up approximately 3.2% of B&L Asset Management LLC's portfolio, making the stock its 10th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. Acadian Asset Management LLC increased its position in Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock valued at $176,589,000 after buying an additional 678,241 shares in the last quarter. International Assets Investment Management LLC raised its stake in Travelers Companies by 23,378.8% during the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock worth $121,811,000 after buying an additional 518,075 shares during the period. Bank of Montreal Can boosted its holdings in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock worth $166,645,000 after acquiring an additional 282,884 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider's stock valued at $61,324,000 after acquiring an additional 230,612 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares of the company's stock, valued at $4,302,736.96. This represents a 21.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the executive vice president now directly owns 1,715 shares of the company's stock, valued at $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 in the last three months. Company insiders own 1.33% of the company's stock.

Travelers Companies Stock Performance

TRV traded down $0.62 on Friday, hitting $266.04. The company's stock had a trading volume of 770,668 shares, compared to its average volume of 1,203,327. The firm has a market cap of $60.40 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company's 50 day simple moving average is $249.31 and its 200-day simple moving average is $227.65. The Travelers Companies, Inc. has a 12 month low of $177.61 and a 12 month high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

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, beating 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 during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the firm earned $1.95 EPS. The company's quarterly revenue was up 11.9% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio is presently 21.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TRV shares. The Goldman Sachs Group increased their target price on Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on 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, Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $251.15.

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.