Empowered Funds LLC Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Empowered Funds LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 167.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,265 shares of the insurance provider's stock after purchasing an additional 6,426 shares during the period. Empowered Funds LLC's holdings in Travelers Companies were worth $2,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd acquired a new stake in Travelers Companies in the second quarter valued at $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies in the first quarter valued at $35,000. Beacon Capital Management LLC increased its holdings in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC increased its holdings in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies in the third quarter valued at $50,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Down 1.6 %

NYSE:TRV traded down $4.20 during mid-day trading on Wednesday, hitting $255.07. 266,809 shares of the company's stock were exchanged, compared to its average volume of 1,297,492. The Travelers Companies, Inc. has a one year low of $172.38 and a one year high of $269.55. 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 has a fifty day moving average price of $245.28 and a 200 day moving average price of $225.14. The company has a market cap of $57.91 billion, a PE ratio of 13.30, a P/E/G ratio of 1.25 and a beta of 0.62.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the firm posted $1.95 earnings per share. Travelers Companies's quarterly revenue was up 11.9% on a year-over-year basis. Equities analysts predict that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.65%. Travelers Companies's payout ratio is currently 21.54%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares of the company's stock, valued at $446,671.75. The trade was a 69.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,409 shares of company stock valued at $19,305,504. 1.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TRV. Barclays upped their price target on shares of Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Bank of America increased their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. Finally, Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average target price of $247.90.

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.