The Travelers Companies, Inc. (NYSE:TRV) Stake Boosted by Swiss National Bank

Swiss National Bank increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 679,700 shares of the insurance provider’s stock after purchasing an additional 1,700 shares during the quarter. Swiss National Bank’s holdings in Travelers Companies were worth $159,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans increased its stake in Travelers Companies by 8.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock worth $3,982,000 after purchasing an additional 1,360 shares in the last quarter. Claro Advisors LLC boosted its position in Travelers Companies by 19.1% during the 3rd quarter. Claro Advisors LLC now owns 6,440 shares of the insurance provider’s stock worth $1,508,000 after acquiring an additional 1,035 shares during the period. Concord Asset Management LLC VA boosted its position in Travelers Companies by 13.6% during the 3rd quarter. Concord Asset Management LLC VA now owns 7,306 shares of the insurance provider’s stock worth $1,711,000 after acquiring an additional 875 shares during the period. Natixis Advisors LLC boosted its position in Travelers Companies by 9.5% during the 3rd quarter. Natixis Advisors LLC now owns 98,039 shares of the insurance provider’s stock worth $22,953,000 after acquiring an additional 8,531 shares during the period. Finally, Mizuho Securities USA LLC boosted its position in Travelers Companies by 40.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 24,770 shares of the insurance provider’s stock worth $5,799,000 after acquiring an additional 7,112 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $260.82 on Monday. The stock’s fifty day simple moving average is $244.44 and its 200 day simple moving average is $224.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $59.21 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $169.18 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction on 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 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Piper Sandler cut their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies 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.