Blueshift Asset Management LLC Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Blueshift Asset Management LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 183.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,719 shares of the insurance provider's stock after acquiring an additional 2,408 shares during the quarter. Blueshift Asset Management LLC's holdings in Travelers Companies were worth $871,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TRV. Y.D. More Investments Ltd purchased a new stake in Travelers Companies during the second quarter worth approximately $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies in the first quarter valued at $35,000. Beacon Capital Management LLC raised its stake in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC lifted its position 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 acquiring an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter worth $50,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TRV. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a report on Wednesday. Janney Montgomery Scott downgraded Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. Finally, Bank of America raised their price target on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and an average price target of $251.15.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company's stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by company insiders.

Travelers Companies Trading Up 1.1 %

Shares of TRV stock traded up $2.89 during mid-day trading on Thursday, hitting $266.66. 1,266,237 shares of the company's stock were exchanged, compared to its average volume of 1,306,734. The stock has a market cap of $60.54 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.24 and a beta of 0.62. 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 Travelers Companies, Inc. has a fifty-two week low of $175.88 and a fifty-two week high of $269.55. The stock has a 50-day simple moving average of $248.76 and a two-hundred day simple moving average of $227.23.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. During the same period in the prior year, the business posted $1.95 earnings per share. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

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.