Point72 Asia Singapore Pte. Ltd. Buys Shares of 9,153 The Travelers Companies, Inc. (NYSE:TRV)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,153 shares of the insurance provider’s stock, valued at approximately $2,143,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kestra Investment Management LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at $1,203,000. B&L Asset Management LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at $5,083,000. Erste Asset Management GmbH purchased a new stake in shares of Travelers Companies in the third quarter valued at $2,337,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at $41,000. Finally, Cobblestone Capital Advisors LLC NY lifted its position in shares of Travelers Companies by 18.8% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,374 shares of the insurance provider’s stock valued at $322,000 after acquiring an additional 217 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 0.2 %

NYSE:TRV opened at $266.04 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $249.31 and its two-hundred day moving average is $227.74. The Travelers Companies, Inc. has a 52 week low of $177.61 and a 52 week high of $269.55. The company has a market cap of $60.40 billion, a PE ratio of 13.64, a P/E/G ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion for 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 revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. BMO Capital Markets increased their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. UBS Group increased their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Bank of America increased their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $251.15.

Insider Buying and Selling

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on 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 sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction on Monday, October 28th. The shares were 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 directly owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,149 shares of company stock valued at $20,295,856. Insiders own 1.33% of the company’s stock.

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.