The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,725 shares of the insurance provider’s stock after purchasing an additional 2,700 shares during the quarter. Travelers Companies makes up 3.9% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 2nd biggest holding. Murphy Pohlad Asset Management LLC’s holdings in Travelers Companies were worth $9,088,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TRV. State Street Corp grew 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 worth $3,644,532,000 after buying an additional 120,228 shares in the last quarter. FMR LLC grew its stake in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. Geode Capital Management LLC raised its holdings in Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after acquiring an additional 114,714 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Travelers Companies by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after acquiring an additional 10,285 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of 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 worth $254,169,000 after purchasing an additional 41,683 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TRV. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Roth Mkm upped their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $260.47.

Travelers Companies Price Performance

Shares of TRV opened at $249.85 on Thursday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. 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 firm has a market cap of $56.72 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.09 and a beta of 0.65. The stock has a 50 day moving average of $247.48 and a 200-day moving average of $238.07.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $7.01 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.68%. Travelers Companies’s payout ratio is currently 19.56%.

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.