69,810 Shares in The Travelers Companies, Inc. (NYSE:TRV) Bought by Arvest Bank Trust Division

Arvest Bank Trust Division bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 69,810 shares of the insurance provider’s stock, valued at approximately $16,344,000.

A number of other hedge funds have also recently bought and sold shares of TRV. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $25,000. Wolff Wiese Magana LLC raised 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 purchasing an additional 45 shares in the last quarter. True Wealth Design LLC bought a new position in Travelers Companies in the third quarter worth $41,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the third quarter worth $50,000. Finally, Salomon & Ludwin LLC increased its holdings in Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 1.0 %

TRV stock opened at $245.17 on Thursday. The business’s fifty day moving average price is $252.61 and its two-hundred day moving average price is $229.94. The stock has a market capitalization of $55.66 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.19 and a beta of 0.63. The Travelers Companies, Inc. has a fifty-two week low of $181.03 and a fifty-two week 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 posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.95 EPS. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current 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 given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.71%. Travelers Companies’s dividend payout ratio is 21.54%.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $5,840,163.66. This trade represents a 30.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 over the last quarter. 1.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on TRV. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. HSBC raised 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. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research note on Thursday, November 21st. Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Finally, StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $251.70.

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.