The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Greenleaf Trust

Greenleaf Trust boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,314 shares of the insurance provider’s stock after buying an additional 553 shares during the period. Greenleaf Trust’s holdings in Travelers Companies were worth $2,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB grew its stake in Travelers Companies by 38.7% during the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after acquiring an additional 95,451 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Travelers Companies by 356.3% in the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after purchasing an additional 35,560 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after purchasing an additional 25,575 shares during the last quarter. GAMMA Investing LLC lifted its position in Travelers Companies by 162.6% during the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after buying an additional 3,050 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in Travelers Companies by 145.5% during the first quarter. Diversified Trust Co now owns 16,013 shares of the insurance provider’s stock worth $3,685,000 after buying an additional 9,491 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $257.35 on Thursday. The firm has a 50 day moving average of $234.71 and a two-hundred day moving average of $220.20. The stock has a market capitalization of $58.66 billion, a PE ratio of 13.20, a P/E/G ratio of 1.40 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the business posted $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. On average, research analysts predict that The Travelers Companies, Inc. will post 17.45 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TRV shares. Citigroup raised their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Bank of America lifted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $247.90.

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.