Two Sigma Advisers LP Acquires 29,800 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Two Sigma Advisers LP lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 57.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,100 shares of the insurance provider's stock after purchasing an additional 29,800 shares during the quarter. Two Sigma Advisers LP's holdings in Travelers Companies were worth $19,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TRV. FMR LLC lifted its position in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. Acadian Asset Management LLC increased its stake 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 purchasing an additional 678,241 shares during the period. International Assets Investment Management LLC lifted its position in shares of Travelers Companies by 23,378.8% during the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock worth $121,811,000 after purchasing an additional 518,075 shares during the last quarter. Bank of Montreal Can boosted its stake in Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock valued at $166,645,000 after purchasing an additional 282,884 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Travelers Companies in the 3rd quarter worth approximately $54,988,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $9.19 during mid-day trading on Monday, hitting $251.96. 1,711,237 shares of the stock were exchanged, compared to its average volume of 1,303,444. The Travelers Companies, Inc. has a twelve month low of $180.44 and a twelve month high of $269.55. The stock's fifty day simple moving average is $251.80 and its two-hundred day simple moving average is $229.31. 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 company has a market cap of $57.20 billion, a P/E ratio of 13.39, a PEG ratio of 1.24 and a beta of 0.63.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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 given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.67%. Travelers Companies's dividend payout ratio (DPR) is 21.54%.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 2,014 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were 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 in the company, valued at approximately $65,099,840. This 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 this link. Also, EVP Maria Olivo sold 10,410 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company's stock, valued at approximately $29,102,211.60. This represents a 8.56 % 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 valued at $20,295,856 in the last 90 days. 1.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

TRV has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. UBS Group upped their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group lifted their target price on Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group upped their price target on Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $251.15.

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.