The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by KCM Investment Advisors LLC

KCM Investment Advisors LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 24.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,272 shares of the insurance provider's stock after buying an additional 3,620 shares during the quarter. KCM Investment Advisors LLC's holdings in Travelers Companies were worth $4,278,000 as of its most recent filing with the SEC.

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

Travelers Companies Trading Up 1.7 %

NYSE TRV traded up $4.30 on Friday, hitting $260.82. 1,299,781 shares of the stock were exchanged, compared to its average volume of 1,304,455. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $59.21 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a 52-week low of $169.18 and a 52-week high of $269.55. The stock has a fifty day moving average price of $243.91 and a two-hundred day moving average price of $223.99.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its 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. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies's revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $1.95 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared 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 of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies's dividend payout ratio is presently 21.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Roth Mkm raised their price target on Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. UBS Group upped their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Bank of America increased their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $247.90.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company's stock, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of the business's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 69.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,999 shares of company stock valued at $16,580,166 in the last 90 days. Company insiders own 1.33% of the company's stock.

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.