The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by State Street Corp

State Street Corp increased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,566,941 shares of the insurance provider's stock after purchasing an additional 120,228 shares during the period. State Street Corp owned 6.86% of Travelers Companies worth $3,644,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings 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 buying an additional 1,568,909 shares during the last quarter. Acadian Asset Management LLC raised its stake in Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock worth $176,589,000 after acquiring an additional 678,241 shares during the last quarter. International Assets Investment Management LLC lifted its position in Travelers Companies by 23,378.8% during 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 period. Bank of Montreal Can lifted its position in Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock worth $166,645,000 after acquiring an additional 282,884 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Travelers Companies during the 3rd quarter valued at about $54,988,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.8 %

NYSE TRV traded down $2.11 on Friday, reaching $261.15. 1,086,485 shares of the company were exchanged, compared to its average volume of 1,301,717. The business's fifty day moving average price is $251.30 and its 200 day moving average price is $228.81. The stock has a market capitalization of $59.29 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $180.44 and a fifty-two week high of $269.55.

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 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 firm had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The company's revenue was up 11.9% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

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 1.61%. Travelers Companies's dividend payout ratio is currently 21.54%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. Roth Mkm upped their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 21st. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, BMO Capital Markets boosted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $251.15.

Insider Activity at Travelers Companies

In other news, EVP Maria Olivo sold 10,410 shares of the firm's 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 transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company's stock.

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.