Arjuna Capital Invests $4.90 Million in The Travelers Companies, Inc. (NYSE:TRV)

Arjuna Capital acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,945 shares of the insurance provider’s stock, valued at approximately $4,904,000. Travelers Companies makes up 1.3% of Arjuna Capital’s investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Y.D. More Investments Ltd bought a new stake in Travelers Companies in the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the 1st quarter valued at $35,000. Beacon Capital Management LLC raised its stake in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Wolff Wiese Magana LLC raised its stake in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the 3rd quarter valued at $50,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated 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 owns 22,798 shares of the company’s stock, valued at $5,840,163.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock valued at $16,580,166 over the last ninety days. 1.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. Barclays upped their price objective on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Roth Mkm upped their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $247.90.

Travelers Companies Price Performance

NYSE:TRV traded down $0.88 during trading hours on Wednesday, hitting $257.11. The company’s stock had a trading volume of 39,811 shares, compared to its average volume of 1,301,747. The stock has a fifty day simple moving average of $242.91 and a 200-day simple moving average of $223.53. The company has a market capitalization of $58.37 billion, a P/E ratio of 13.23, a PEG ratio of 1.24 and a beta of 0.62. 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 Travelers Companies, Inc. has a twelve month low of $167.08 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. The business 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%. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.95 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed 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. This represents a $4.20 annualized dividend and a yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

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.