Rockland Trust Co. Invests $498,000 in The Travelers Companies, Inc. (NYSE:TRV)

Rockland Trust Co. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,128 shares of the insurance provider's stock, valued at approximately $498,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider's stock worth $2,702,588,000 after buying an additional 3,158,979 shares during the period. Acadian Asset Management LLC raised its position in shares of Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock valued at $176,589,000 after purchasing an additional 678,241 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Travelers Companies during the first quarter worth about $88,190,000. Point72 Asset Management L.P. boosted its holdings in Travelers Companies by 6,167.2% in the fourth quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider's stock worth $63,596,000 after purchasing an additional 328,527 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Travelers Companies by 324.9% during the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider's stock valued at $61,324,000 after purchasing an additional 230,612 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Travelers Companies in a research note on Wednesday, September 4th. They set an "overweight" rating and a $286.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on Travelers Companies from $220.00 to $242.00 and gave the company an "underweight" rating in a research note on Thursday, July 11th. Citigroup raised their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a "sell" rating in a report on Tuesday, July 30th. TD Cowen lowered Travelers Companies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, William Blair reaffirmed a "market perform" rating on shares of Travelers Companies in a research note on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $227.05.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company's stock, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Up 1.2 %

Shares of TRV stock traded up $2.91 during trading hours on Friday, hitting $236.21. 650,285 shares of the company's stock traded hands, compared to its average volume of 1,264,064. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48. The stock's fifty day simple moving average is $226.20 and its two-hundred day simple moving average is $218.61. The stock has a market cap of $53.84 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.23 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts' consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion for the quarter, compared to analysts' expectations of $11.35 billion. During the same period in the prior year, the company posted $0.06 earnings per share. The firm's quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.16 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a $1.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.78%. Travelers Companies's dividend payout ratio is currently 31.20%.

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.