Equitable Trust Co. Has $1.02 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Equitable Trust Co. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,362 shares of the insurance provider’s stock after buying an additional 471 shares during the period. Equitable Trust Co.’s holdings in Travelers Companies were worth $1,021,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after buying an additional 165,708 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after buying an additional 37,029 shares in the last quarter. Boston Partners increased its holdings in Travelers Companies by 16.4% during the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after buying an additional 196,011 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Travelers Companies by 8.0% during the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock worth $233,769,000 after acquiring an additional 85,619 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TRV. UBS Group lifted their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Jefferies Financial Group upped their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $247.90.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Andy F. Bessette sold 4,520 shares of the firm’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 directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,999 shares of company stock valued at $16,580,166 in the last ninety days. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Stock Up 1.8 %

NYSE TRV opened at $256.89 on Friday. The company has a market cap of $58.32 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.22 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $167.08 and a 1-year 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. The company has a 50 day moving average of $241.70 and a 200-day moving average of $222.78.

Travelers Companies (NYSE:TRV) last announced 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 firm had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.95 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.63%. Travelers Companies’s payout ratio is 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.