Erste Asset Management GmbH Invests $2.34 Million in The Travelers Companies, Inc. (NYSE:TRV)

Erste Asset Management GmbH acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,900 shares of the insurance provider's stock, valued at approximately $2,337,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Tidal Investments LLC raised its stake in Travelers Companies by 4.9% during the 1st quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider's stock valued at $900,000 after acquiring an additional 184 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider's stock worth $10,481,000 after buying an additional 35,560 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Travelers Companies by 75.3% in the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider's stock valued at $2,531,000 after buying an additional 4,724 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Travelers Companies by 11.1% in the first quarter. EverSource Wealth Advisors LLC now owns 572 shares of the insurance provider's stock valued at $121,000 after buying an additional 57 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Travelers Companies by 16.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 656 shares of the insurance provider's stock worth $133,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Down 1.1 %

TRV traded down $2.92 on Tuesday, reaching $260.59. The company's stock had a trading volume of 846,908 shares, compared to its average volume of 1,301,422. The Travelers Companies, Inc. has a 1 year low of $180.44 and a 1 year high of $269.55. The business's 50 day moving average is $250.25 and its 200 day moving average is $228.34. 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 stock has a market cap of $59.16 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.25 and a beta of 0.63.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 EPS. As a group, research analysts forecast 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. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is currently 21.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Janney Montgomery Scott lowered Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target on the stock. in a research note on Thursday, November 21st. BMO Capital Markets boosted their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research note on Thursday, October 17th. Roth Mkm boosted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group lifted 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. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $251.15.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm's 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. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by corporate 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.