Blueshift Asset Management LLC Boosts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Blueshift Asset Management LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 183.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,719 shares of the insurance provider’s stock after purchasing an additional 2,408 shares during the quarter. Blueshift Asset Management LLC’s holdings in Travelers Companies were worth $871,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quent Capital LLC boosted its position in shares of Travelers Companies by 19.7% during the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after acquiring an additional 226 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Travelers Companies by 265.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,695 shares of the insurance provider’s stock valued at $2,231,000 after purchasing an additional 7,043 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Travelers Companies by 4.9% in the 1st quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock valued at $900,000 after buying an additional 184 shares during the period. Beacon Capital Management LLC increased its holdings in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of Travelers Companies by 264.3% during the 1st quarter. iA Global Asset Management Inc. now owns 6,915 shares of the insurance provider’s stock worth $1,591,000 after buying an additional 5,017 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In other news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 in the last 90 days. 1.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on TRV shares. Royal Bank of Canada lifted their target price on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Bank of America lifted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Price Performance

Shares of TRV opened at $266.66 on Thursday. 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 1-year low of $175.88 and a 1-year high of $269.55. The stock has a market cap of $60.54 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The firm has a fifty day moving average price of $248.18 and a 200 day moving average price of $226.96.

Travelers Companies (NYSE:TRV) last posted its earnings results 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 during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 EPS. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

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.