Virtu Financial LLC Acquires 3,462 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Virtu Financial LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 25.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,990 shares of the insurance provider's stock after purchasing an additional 3,462 shares during the period. Virtu Financial LLC's holdings in Travelers Companies were worth $3,978,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC raised its holdings in shares of Travelers Companies by 12.6% in the third 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 last quarter. Acadian Asset Management LLC boosted its stake in shares of Travelers Companies by 356.4% during the 2nd 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 last quarter. International Assets Investment Management LLC grew its holdings in shares of Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock valued at $121,811,000 after acquiring an additional 518,075 shares in the last quarter. 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 valued at $166,645,000 after acquiring an additional 282,884 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Travelers Companies during the third quarter worth about $54,988,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Shares of TRV stock traded down $1.73 on Thursday, hitting $243.41. The company's stock had a trading volume of 960,850 shares, compared to its average volume of 1,308,448. The Travelers Companies, Inc. has a fifty-two week low of $181.03 and a fifty-two week high of $269.55. The company has a market capitalization of $55.26 billion, a PE ratio of 12.57, a PEG ratio of 1.19 and a beta of 0.63. The stock's 50 day moving average is $252.61 and its 200-day moving average is $229.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

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 (EPS) 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 analyst estimates of $11.46 billion. During the same quarter in the prior year, the business posted $1.95 EPS. The business's revenue was up 11.9% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 18.83 earnings per share 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 paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.

Analyst Ratings Changes

A number of research firms have weighed in on TRV. HSBC upgraded Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research note on Tuesday. Roth Mkm raised their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Wells Fargo & Company reaffirmed an "underweight" rating and set a $217.00 price target (down from $256.00) on shares of Travelers Companies in a research report on Wednesday. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Royal Bank of Canada upped their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $251.70.

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the sale, the executive vice president now owns 22,798 shares of the company's stock, valued at approximately $5,840,163.66. This represents a 30.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 over the last quarter. 1.33% of the stock is 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.