Transamerica Financial Advisors Inc. Purchases New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Transamerica Financial Advisors Inc. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,205 shares of the insurance provider's stock, valued at approximately $1,219,000.

Other large investors also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock worth $176,589,000 after buying an additional 678,241 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock worth $121,811,000 after buying an additional 518,075 shares during the period. Bank of Montreal Can increased its position in shares of Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock worth $166,645,000 after acquiring an additional 282,884 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Travelers Companies by 324.9% during the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider's stock valued at $61,324,000 after acquiring an additional 230,612 shares during the period. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group raised their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Janney Montgomery Scott cut Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. BMO Capital Markets upped their price target on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. 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 research note on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their target price on Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $251.15.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 3,941 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 1,715 shares of the company's stock, valued at approximately $446,671.75. This represents a 69.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company's stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 over the last quarter. Company insiders own 1.33% of the company's stock.

Travelers Companies Stock Performance

Travelers Companies stock traded up $2.89 during trading hours on Wednesday, hitting $266.66. The stock had a trading volume of 1,200,371 shares, compared to its average volume of 1,306,734. The Travelers Companies, Inc. has a fifty-two week low of $175.88 and a fifty-two week high of $269.55. The company has a market cap of $60.54 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The company has a 50-day moving average of $248.18 and a two-hundred day moving average of $226.96. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the company earned $1.95 earnings per share. The business's revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. Travelers Companies's payout ratio is currently 21.54%.

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.