BNP Paribas Financial Markets Has $107.98 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

BNP Paribas Financial Markets trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 461,216 shares of the insurance provider's stock after selling 4,811 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.20% of Travelers Companies worth $107,980,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group lifted its position in Travelers Companies by 3.8% in the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider's stock valued at $294,000 after purchasing an additional 46 shares during the last quarter. FMR LLC raised its holdings in shares of 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 buying an additional 1,568,909 shares during the last quarter. Dai ichi Life Insurance Company Ltd raised its holdings in shares of Travelers Companies by 1.7% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 28,250 shares of the insurance provider's stock valued at $6,614,000 after buying an additional 485 shares during the last quarter. Bank of Montreal Can grew its holdings in Travelers Companies by 66.9% in the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock worth $166,645,000 after buying an additional 282,884 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new position in Travelers Companies in the 3rd quarter worth approximately $469,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Performance

TRV stock traded up $2.89 during midday trading on Wednesday, hitting $266.66. 1,200,371 shares of the company traded hands, compared to its average volume of 1,306,734. The business has a 50 day simple moving average of $248.18 and a 200-day simple moving average of $226.96. 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 twelve month low of $175.88 and a twelve month high of $269.55. The stock has a market capitalization of $60.54 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 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 the consensus estimate of $11.46 billion. During the same quarter last year, the firm posted $1.95 EPS. The business's quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TRV shares. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Monday, November 18th. Bank of America increased their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the company a "sell" rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $251.15.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares of the company's stock, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 in the last 90 days. 1.33% of the stock is currently owned by insiders.

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.