The Travelers Companies, Inc. $TRV Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% in the second quarter, HoldingsChannel reports. The firm owned 5,541,819 shares of the insurance provider’s stock after acquiring an additional 54,363 shares during the period. Geode Capital Management LLC’s holdings in Travelers Companies were worth $1,481,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies during the first quarter worth approximately $26,000. Missouri Trust & Investment Co raised its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Quaker Wealth Management LLC boosted its position in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 208 shares during the period. Flaharty Asset Management LLC bought a new position in shares of Travelers Companies in the first quarter worth $32,000. Finally, Nova Wealth Management Inc. acquired a new position in shares of Travelers Companies during the second quarter valued at $32,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $286.19 on Thursday. The company’s fifty day moving average is $274.91 and its two-hundred day moving average is $269.31. The company has a market cap of $63.84 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $288.95. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.24 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is currently 17.30%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRV. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Wolfe Research initiated coverage on Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Morgan Stanley boosted their price objective on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $291.31.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 50,392 shares of company stock worth $13,945,170 over the last three months. Corporate insiders own 1.46% of the company’s stock.

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.