The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 42.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,430 shares of the insurance provider's stock after purchasing an additional 2,225 shares during the period. Tidal Investments LLC's holdings in Travelers Companies were worth $1,740,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TRV. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies during the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after buying an additional 45 shares during the period. True Wealth Design LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the 3rd quarter worth $50,000. Finally, Salomon & Ludwin LLC increased its position in shares of Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock valued at $65,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Down 3.1 %

NYSE TRV traded down $7.61 during mid-day trading on Wednesday, reaching $236.03. The stock had a trading volume of 1,572,647 shares, compared to its average volume of 1,314,247. The Travelers Companies, Inc. has a 1 year low of $182.59 and a 1 year high of $269.55. The company has a fifty day moving average price of $253.79 and a 200 day moving average price of $231.02. The stock has a market cap of $53.58 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm 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 EPS. Travelers Companies's revenue was up 11.9% on a year-over-year basis. On average, research analysts expect that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is 21.54%.

Analysts Set New Price Targets

Several research firms recently issued reports on TRV. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Janney Montgomery Scott lowered 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. Barclays boosted their target price on Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. BMO Capital Markets raised their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company reissued an "underweight" rating and set a $217.00 price objective (down from $256.00) on shares of Travelers Companies in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $251.70.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $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 78,149 shares of company stock valued at $20,295,856 in the last ninety days. 1.33% of the stock is owned by company insiders.

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.