Sumitomo Mitsui Trust Group Inc. Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Sumitomo Mitsui Trust Group Inc. boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 890,910 shares of the insurance provider's stock after buying an additional 8,839 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.39% of Travelers Companies worth $208,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies during the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC lifted its position in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the third quarter worth approximately $50,000. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on 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 sale, the executive vice president now owns 16,976 shares of the company's stock, valued at approximately $4,302,736.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock worth $16,580,166 over the last quarter. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Down 0.5 %

Shares of NYSE:TRV traded down $1.28 on Wednesday, hitting $256.71. 891,908 shares of the company traded hands, compared to its average volume of 1,305,557. The stock has a 50 day simple moving average of $242.91 and a 200-day simple moving average of $223.53. 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 has a market cap of $58.28 billion, a PE ratio of 13.16, a PEG ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 52 week low of $167.08 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last released 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. 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 during the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the business earned $1.95 EPS. Travelers Companies's revenue was up 11.9% compared to the same quarter last year. As a group, research analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Roth Mkm raised their price target 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. Barclays increased their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Travelers Companies from $221.00 to $234.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Finally, Bank of America boosted their target price on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus price target of $247.90.

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.