Point72 Asset Management L.P. Purchases Shares of 234,873 The Travelers Companies, Inc. (NYSE:TRV)

Point72 Asset Management L.P. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 234,873 shares of the insurance provider's stock, valued at approximately $54,988,000. Point72 Asset Management L.P. owned 0.10% of Travelers Companies at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TRV. Manning & Napier Advisors LLC bought a new stake in Travelers Companies during the 2nd quarter valued at $17,303,000. Sanctuary Advisors LLC bought a new position in Travelers Companies in the 2nd quarter valued at about $9,798,000. Wealth Enhancement Advisory Services LLC increased its stake in Travelers Companies by 9.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 144,889 shares of the insurance provider's stock valued at $29,462,000 after buying an additional 12,161 shares during the period. Kintegral Advisory LLC raised its position in shares of Travelers Companies by 14.3% during the 2nd quarter. Kintegral Advisory LLC now owns 12,189 shares of the insurance provider's stock worth $2,479,000 after buying an additional 1,528 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Travelers Companies by 7.4% in the 2nd quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider's stock worth $36,099,000 after acquiring an additional 12,190 shares during the period. Institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRV. Royal Bank of Canada boosted their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. Wells Fargo & Company raised their target price on Travelers Companies from $207.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Bank of America raised their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. Finally, Barclays lifted their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $251.15.

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company'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 completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 in the last three months. Corporate insiders own 1.33% of the company's stock.

Travelers Companies Stock Up 0.6 %

TRV traded up $1.53 on Thursday, reaching $263.31. 1,718,594 shares of the company traded hands, compared to its average volume of 1,302,633. The company has a market cap of $59.78 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.24 and a beta of 0.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock's 50 day moving average price is $251.30 and its 200-day moving average price is $228.81. The Travelers Companies, Inc. has a 52-week low of $180.44 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. During the same period in the previous year, the company posted $1.95 EPS. Travelers Companies's revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is currently 21.54%.

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.