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

Geode Capital Management LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,076,220 shares of the insurance provider's stock after purchasing an additional 114,714 shares during the period. Geode Capital Management LLC owned 2.24% of Travelers Companies worth $1,187,865,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in Travelers Companies in the second quarter valued at $25,000. Wolff Wiese Magana LLC raised its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after purchasing an additional 45 shares during the period. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth about $50,000. Finally, Salomon & Ludwin LLC increased its position in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock worth $65,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRV. HSBC raised shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target on the stock 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 research report on Friday, October 18th. Roth Mkm upped their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Barclays raised their target price on Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group upped their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $251.70.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded down $2.49 during trading on Wednesday, reaching $245.17. 2,035,458 shares of the company's stock traded hands, compared to its average volume of 1,309,098. 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 company has a 50 day moving average of $252.41 and a 200-day moving average of $229.83. The Travelers Companies, Inc. has a 12 month low of $181.03 and a 12 month high of $269.55. The stock has a market capitalization of $55.66 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 1.19 and a beta of 0.63.

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, topping analysts' consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. During the same period in the prior year, the firm earned $1.95 EPS. The business's quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued 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 1.71%. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,014 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company'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 directly owns 221,924 shares of the company's stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 in the last ninety days. 1.33% of the stock is owned by insiders.

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.