Janus Henderson Group PLC Acquires 232,428 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Janus Henderson Group PLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 216.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 339,901 shares of the insurance provider's stock after acquiring an additional 232,428 shares during the period. Janus Henderson Group PLC owned 0.15% of Travelers Companies worth $79,582,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TRV. HighTower Advisors LLC boosted its position in Travelers Companies by 7.2% in the 3rd quarter. HighTower Advisors LLC now owns 124,234 shares of the insurance provider's stock valued at $29,025,000 after buying an additional 8,369 shares during the last quarter. Hilltop Holdings Inc. increased its stake in shares of Travelers Companies by 30.8% in the third quarter. Hilltop Holdings Inc. now owns 7,820 shares of the insurance provider's stock valued at $1,831,000 after purchasing an additional 1,842 shares during the period. Ascent Group LLC increased its stake in shares of Travelers Companies by 2.2% in the third quarter. Ascent Group LLC now owns 4,801 shares of the insurance provider's stock valued at $1,124,000 after purchasing an additional 103 shares during the period. Beacon Investment Advisory Services Inc. acquired a new position in shares of Travelers Companies during the third quarter valued at approximately $249,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Travelers Companies during the third quarter valued at approximately $1,574,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $1.53 during trading on Thursday, hitting $263.31. 1,718,594 shares of the company's stock traded hands, compared to its average volume of 1,302,633. 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 firm's fifty day moving average price is $251.30 and its 200 day moving average price is $228.81. The Travelers Companies, Inc. has a twelve month low of $180.44 and a twelve month high of $269.55. The company has a market cap of $59.78 billion, a PE ratio of 13.50, a PEG ratio of 1.24 and a beta of 0.63.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion for 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%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given 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 1.60%. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Royal Bank of Canada raised their target price 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. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. The Goldman Sachs Group raised their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a research note on Tuesday, October 22nd. Barclays lifted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Four investment 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 stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average target price of $251.15.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies 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 value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares of the company's stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 over the last ninety days. Corporate insiders own 1.33% of the company's stock.

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.