Assenagon Asset Management S.A. Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Assenagon Asset Management S.A. increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1,167.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,020 shares of the insurance provider’s stock after acquiring an additional 78,312 shares during the period. Assenagon Asset Management S.A.’s holdings in Travelers Companies were worth $19,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TRV. Nordea Investment Management AB grew its stake in Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after purchasing an additional 95,451 shares during the period. Cetera Investment Advisers increased its holdings in Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares during the last quarter. GAMMA Investing LLC raised its position in Travelers Companies by 162.6% in the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after acquiring an additional 3,050 shares during the period. Diversified Trust Co boosted its stake in Travelers Companies by 145.5% in the first quarter. Diversified Trust Co now owns 16,013 shares of the insurance provider’s stock valued at $3,685,000 after acquiring an additional 9,491 shares during the last quarter. Finally, Cullinan Associates Inc. grew its position in shares of Travelers Companies by 159.8% during the 1st quarter. Cullinan Associates Inc. now owns 34,164 shares of the insurance provider’s stock valued at $7,863,000 after acquiring an additional 21,014 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 2.3 %

Shares of Travelers Companies stock opened at $250.50 on Friday. The company has a 50 day simple moving average of $236.19 and a two-hundred day simple moving average of $220.59. The firm has a market cap of $57.36 billion, a PE ratio of 18.61, a PEG ratio of 1.28 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $159.89 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the previous year, the business earned $1.95 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 18.24 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. Travelers Companies’s dividend payout ratio is 31.20%.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This trade represents 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 at this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,479 shares of company stock worth $15,434,526 in the last quarter. 1.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lifted 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. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup boosted their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their target price for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Finally, BMO Capital Markets boosted their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average target price of $247.90.

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.