Principal Financial Group Inc. Has $65.90 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Principal Financial Group Inc. raised its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 281,463 shares of the insurance provider's stock after acquiring an additional 9,660 shares during the period. Principal Financial Group Inc. owned about 0.12% of Travelers Companies worth $65,896,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Travelers Companies in the 2nd quarter valued at $9,798,000. Orion Portfolio Solutions LLC lifted its holdings in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock worth $4,248,000 after acquiring an additional 4,665 shares during the period. Kintegral Advisory LLC boosted its position in shares of Travelers Companies by 14.3% during the 2nd quarter. Kintegral Advisory LLC now owns 12,189 shares of the insurance provider's stock valued at $2,479,000 after acquiring an additional 1,528 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Travelers Companies by 7.4% in the second quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider's stock valued at $36,099,000 after acquiring an additional 12,190 shares during the period. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an "underweight" rating and set a $217.00 price objective (down from $256.00) on shares of Travelers Companies in a report on Wednesday, December 11th. Barclays upped their price target on Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Finally, Bank of America lifted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $251.70.

Travelers Companies Trading Up 1.3 %

TRV traded up $3.05 during trading on Friday, reaching $240.76. 2,339,257 shares of the company's stock were exchanged, compared to its average volume of 1,319,362. The company's fifty day moving average price is $253.97 and its 200-day moving average price is $231.43. 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 $54.66 billion, a PE ratio of 12.35, a P/E/G ratio of 1.17 and a beta of 0.63. The Travelers Companies, Inc. has a fifty-two week low of $182.76 and a fifty-two 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 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the company posted $1.95 earnings per share. The firm's revenue was up 11.9% on a year-over-year basis. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 18.84 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 paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by company insiders.

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.