Point72 Asia Singapore Pte. Ltd. Purchases Shares of 9,153 The Travelers Companies, Inc. (NYSE:TRV)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,153 shares of the insurance provider's stock, valued at approximately $2,143,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its stake in shares of Travelers Companies by 4.9% during the 1st quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider's stock worth $900,000 after purchasing an additional 184 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider's stock worth $10,481,000 after acquiring an additional 35,560 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Travelers Companies by 75.3% during the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider's stock worth $2,531,000 after acquiring an additional 4,724 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 11.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 572 shares of the insurance provider's stock valued at $121,000 after acquiring an additional 57 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Travelers Companies by 16.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 656 shares of the insurance provider's stock valued at $133,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 0.2 %

NYSE:TRV traded down $0.46 during trading hours on Monday, hitting $265.58. 314,211 shares of the stock were exchanged, compared to its average volume of 1,300,044. The company has a market capitalization of $60.29 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company's 50 day moving average is $249.31 and its two-hundred day moving average is $227.74. The Travelers Companies, Inc. has a twelve month low of $180.44 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm 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 company's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.95 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. Travelers Companies's payout ratio is presently 21.54%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company's stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maria Olivo sold 10,410 shares of the 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 trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,149 shares of company stock valued at $20,295,856. Company insiders own 1.33% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a report on Thursday, October 17th. BMO Capital Markets lifted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price target on Travelers Companies from $221.00 to $234.00 and gave the company a "hold" rating in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $251.15.

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.