The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 82.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,286 shares of the insurance provider's stock after purchasing an additional 1,940 shares during the period. Plimoth Trust Co. LLC's holdings in Travelers Companies were worth $1,003,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Travelers Companies by 100.9% in the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider's stock valued at $9,698,000 after acquiring an additional 25,575 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Travelers Companies in the first quarter valued at $42,000. Ballentine Partners LLC boosted its holdings in Travelers Companies by 2.9% in the first quarter. Ballentine Partners LLC now owns 4,346 shares of the insurance provider's stock valued at $1,000,000 after purchasing an additional 123 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Travelers Companies in the first quarter valued at $14,868,000. Finally, Strategic Planning Group LLC boosted its holdings in Travelers Companies by 12.7% in the first quarter. Strategic Planning Group LLC now owns 12,930 shares of the insurance provider's stock valued at $2,976,000 after purchasing an additional 1,458 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.33% of the company's stock.

Travelers Companies Price Performance

TRV stock traded down $5.75 during mid-day trading on Monday, reaching $259.70. The company's stock had a trading volume of 1,305,845 shares, compared to its average volume of 1,319,145. The stock has a market cap of $59.19 billion, a PE ratio of 13.32, a P/E/G ratio of 1.40 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $269.55. The company's 50 day moving average is $232.88 and its two-hundred day moving average is $219.74.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business's revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post 17.45 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued 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 dividend yield of 1.62%. Travelers Companies's dividend payout ratio is currently 21.54%.

Analyst Ratings Changes

Several research firms have commented on TRV. William Blair reaffirmed a "market perform" rating on shares of Travelers Companies in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Piper Sandler lowered their target price on shares of Travelers Companies from $213.00 to $207.00 and set a "neutral" rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada increased their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an "underweight" rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $241.16.

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.