AustralianSuper Pty Ltd Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

AustralianSuper Pty Ltd bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 24,519 shares of the insurance provider’s stock, valued at approximately $5,906,000.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after purchasing an additional 120,228 shares during the period. FMR LLC increased its holdings in shares of Travelers Companies by 12.6% during 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 period. Geode Capital Management LLC increased its holdings in shares of Travelers Companies by 2.3% during the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after purchasing an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Travelers Companies by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after purchasing an additional 10,285 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Travelers Companies by 4.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider’s stock valued at $254,169,000 after buying an additional 41,683 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 2.0 %

Shares of Travelers Companies stock opened at $238.25 on Friday. The stock has a 50-day moving average price of $242.76 and a 200 day moving average price of $240.63. The company has a market cap of $54.09 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.08 and a beta of 0.64. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $7.01 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 20.57 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s 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 completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TRV shares. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. 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 note on Thursday, November 21st. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Barclays raised their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company raised their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $260.47.

About Travelers Companies

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.