Milestone Asset Management LLC Acquires 8,270 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Milestone Asset Management LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 43.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,168 shares of the insurance provider's stock after purchasing an additional 8,270 shares during the quarter. Travelers Companies comprises 1.4% of Milestone Asset Management LLC's investment portfolio, making the stock its 16th biggest position. Milestone Asset Management LLC's holdings in Travelers Companies were worth $6,545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC raised its stake in Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock valued at $121,811,000 after acquiring an additional 518,075 shares during the last quarter. Bank of Montreal Can boosted its holdings in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock valued at $166,645,000 after acquiring an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Travelers Companies during the 3rd quarter worth approximately $54,988,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider's stock worth $79,582,000 after buying an additional 232,428 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the company's stock in a transaction on 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 sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company's stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Up 0.2 %

Travelers Companies stock traded up $0.52 during trading hours on Thursday, reaching $250.04. The company had a trading volume of 357,689 shares, compared to its average volume of 1,463,632. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The company has a 50-day moving average price of $247.33 and a 200 day moving average price of $238.15. The firm has a market cap of $56.76 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $7.01 EPS. Equities analysts forecast that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.68%. Travelers Companies's dividend payout ratio is presently 19.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TRV shares. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Janney Montgomery Scott downgraded Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average target price of $260.47.

Travelers Companies 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.