HighTower Advisors LLC Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

HighTower Advisors LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,234 shares of the insurance provider's stock after buying an additional 8,369 shares during the period. HighTower Advisors LLC owned about 0.05% of Travelers Companies worth $29,025,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Travelers Companies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider's stock valued at $619,241,000 after buying an additional 165,708 shares during the period. Legal & General Group Plc boosted its position in Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider's stock valued at $474,774,000 after buying an additional 37,029 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Travelers Companies by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider's stock valued at $350,396,000 after buying an additional 10,285 shares during the period. Finally, AQR Capital Management LLC boosted its position in Travelers Companies by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider's stock valued at $233,769,000 after buying an additional 85,619 shares during the period. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm'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 sale, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Down 0.8 %

Shares of Travelers Companies stock traded down $2.11 during trading on Friday, hitting $261.15. The company's stock had a trading volume of 1,086,485 shares, compared to its average volume of 1,301,717. The company has a market capitalization of $59.29 billion, a PE ratio of 13.39, a P/E/G ratio of 1.24 and a beta of 0.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 52 week low of $180.44 and a 52 week high of $269.55. The company has a fifty day simple moving average of $251.30 and a two-hundred day simple moving average of $228.81.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies's revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $1.95 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. Travelers Companies's dividend payout ratio is currently 21.54%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRV. Janney Montgomery Scott cut shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. Roth Mkm increased their price target 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. Barclays upped their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada upped their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average target price of $251.15.

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.