Asset Management One Co. Ltd. Buys 7,410 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Asset Management One Co. Ltd. boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,585 shares of the insurance provider's stock after purchasing an additional 7,410 shares during the quarter. Asset Management One Co. Ltd. owned about 0.08% of Travelers Companies worth $45,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC increased its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Wolff Wiese Magana LLC raised its position in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after purchasing an additional 45 shares during the period. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock valued at $65,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TRV shares. Morgan Stanley dropped their target price on shares of Travelers Companies from $220.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, July 19th. UBS Group raised their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the company a "sell" rating in a research note on Tuesday, July 30th. Finally, StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $247.90.

Travelers Companies Stock Performance

NYSE TRV traded down $2.83 during trading on Monday, reaching $242.81. The company's stock had a trading volume of 1,055,418 shares, compared to its average volume of 1,310,007. The firm has a 50 day moving average price of $239.59 and a 200 day moving average price of $221.83. The Travelers Companies, Inc. has a 12 month low of $167.08 and a 12 month high of $269.55. The firm has a market capitalization of $55.12 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm'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 company posted $1.95 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the business's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Alan D. Schnitzer sold 40,524 shares of the business's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $5,840,163.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock valued at $16,580,166 over the last quarter. 1.33% of the stock is owned by company insiders.

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.