The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 34.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,232 shares of the insurance provider's stock after buying an additional 3,422 shares during the period. Quantinno Capital Management LP's holdings in Travelers Companies were worth $3,098,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC grew its stake in shares of Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. Acadian Asset Management LLC increased its stake in Travelers Companies by 356.4% during 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. International Assets Investment Management LLC raised its holdings in shares of Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock worth $121,811,000 after acquiring an additional 518,075 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock worth $166,645,000 after purchasing an additional 282,884 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Travelers Companies in the third quarter valued at approximately $54,988,000. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV traded down $2.08 during trading hours on Tuesday, hitting $248.79. 1,061,106 shares of the stock traded hands, compared to its average volume of 1,302,322. The stock has a 50 day moving average price of $252.16 and a 200 day moving average price of $229.59. The Travelers Companies, Inc. has a 1 year low of $180.44 and a 1 year high of $269.55. The company has a market cap of $56.48 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. The company has a quick ratio of 0.34, a current 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 data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRV. HSBC upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research report on Tuesday. Royal Bank of Canada raised their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Jefferies Financial Group upped their target price on Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $253.65.

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.