Intech Investment Management LLC Buys 8,282 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Intech Investment Management LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 20.2% during the third quarter, Holdings Channel reports. The institutional investor owned 49,335 shares of the insurance provider’s stock after purchasing an additional 8,282 shares during the period. Intech Investment Management LLC’s holdings in Travelers Companies were worth $11,550,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies during the 1st quarter valued at approximately $35,000. Beacon Capital Management LLC increased its position in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in Travelers Companies by 39.1% in the 3rd 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 period. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $50,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Up 1.5 %

Shares of NYSE TRV opened at $261.15 on Friday. The company has a market cap of $59.29 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.24 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $246.33 and its 200 day moving average is $225.62. The Travelers Companies, Inc. has a 52 week low of $174.60 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 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 net margin of 10.02% and a return on equity of 17.69%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’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 directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,409 shares of company stock worth $19,305,504. 1.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent research reports. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $251.15.

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.