Wilmington Savings Fund Society FSB Purchases New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Wilmington Savings Fund Society FSB purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,286 shares of the insurance provider's stock, valued at approximately $2,174,000.

Other hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new position in Travelers Companies during the third quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter worth $50,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock worth $65,000 after buying an additional 50 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction 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 represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company's stock, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. Corporate insiders own 1.33% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. HSBC upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research report on Tuesday. Finally, Royal Bank of Canada upped their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $251.70.

Travelers Companies Trading Up 1.0 %

Shares of NYSE:TRV traded up $2.42 during midday trading on Friday, reaching $246.30. The company's stock had a trading volume of 1,305,614 shares, compared to its average volume of 1,312,710. 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 debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50 day moving average price of $253.03 and a two-hundred day moving average price of $230.26. The firm has a market capitalization of $55.92 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.16 and a beta of 0.63.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its 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. The business 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 firm's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 earnings per share. As a group, analysts forecast that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

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.