Stifel Financial Corp Acquires 4,583 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Stifel Financial Corp grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 172,533 shares of the insurance provider's stock after acquiring an additional 4,583 shares during the period. Stifel Financial Corp owned 0.08% of Travelers Companies worth $40,394,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock worth $176,589,000 after purchasing an additional 678,241 shares during the period. International Assets Investment Management LLC raised its position in shares of Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock worth $121,811,000 after buying an additional 518,075 shares in the last quarter. Bank of Montreal Can boosted its stake in Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock valued at $166,645,000 after buying an additional 282,884 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Travelers Companies during the third quarter worth about $54,988,000. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Travelers Companies from $216.00 to $245.00 and gave the company a "sell" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group raised their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Janney Montgomery Scott cut shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. Finally, Roth Mkm lifted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $251.15.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction dated 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 in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares of the company's stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,149 shares of company stock valued at $20,295,856. Company insiders own 1.33% of the company's stock.

Travelers Companies Trading Down 0.8 %

TRV traded down $2.11 during trading on Friday, hitting $261.15. 1,086,485 shares of the stock traded hands, compared to its average volume of 1,152,542. The firm 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 Travelers Companies, Inc. has a 12-month low of $180.44 and a 12-month high of $269.55. 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 firm has a 50-day moving average of $251.80 and a 200 day moving average of $229.22.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the business posted $1.95 earnings per share. Travelers Companies's revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. 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%.

Travelers Companies Company 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.