The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,250 shares of the insurance provider’s stock after buying an additional 485 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Travelers Companies were worth $6,614,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC increased its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRV. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. 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 research note on Wednesday, August 7th. BMO Capital Markets lifted their price target on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Stock Performance

Travelers Companies stock opened at $263.77 on Wednesday. The firm has a market capitalization of $59.88 billion, a P/E ratio of 13.53, a PEG ratio of 1.24 and a beta of 0.62. The stock has a fifty day moving average price of $247.64 and a 200 day moving average price of $226.68. The Travelers Companies, Inc. has a 52 week low of $175.88 and a 52 week high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during 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 quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.59%. Travelers Companies’s payout ratio is currently 21.54%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by insiders.

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.