Two Sigma Advisers LP Has $19.22 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Two Sigma Advisers LP lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 57.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,100 shares of the insurance provider’s stock after acquiring an additional 29,800 shares during the period. Two Sigma Advisers LP’s holdings in Travelers Companies were worth $19,221,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Ledyard National Bank lifted its position in shares of Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after acquiring an additional 39 shares during the period. Trueblood Wealth Management LLC lifted its position in shares of Travelers Companies by 2.3% during the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after acquiring an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its position in shares of Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after acquiring an additional 42 shares during the period. Willner & Heller LLC lifted its position in shares of Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 45 shares during the period. Finally, Wolff Wiese Magana LLC lifted its position in shares of Travelers Companies by 39.1% during 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. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRV. Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group raised their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $251.15.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the transaction, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This trade represents a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % 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 over the last three months. 1.33% of the stock is owned by insiders.

Travelers Companies Trading Down 0.8 %

Shares of Travelers Companies stock opened at $261.15 on Monday. The Travelers Companies, Inc. has a 1 year low of $180.44 and a 1 year high of $269.55. The firm has a market cap of $59.29 billion, a PE ratio of 13.39, a PEG ratio of 1.24 and a beta of 0.63. 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 company has a 50 day simple moving average of $251.80 and a two-hundred day simple moving average of $229.31.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the previous year, the business posted $1.95 earnings per share. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 1.61%. Travelers Companies’s payout ratio is presently 21.54%.

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.