The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,250 shares of the insurance provider’s stock after purchasing an additional 485 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Travelers Companies were worth $6,614,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in shares of Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after acquiring an additional 35,560 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Travelers Companies by 162.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after acquiring an additional 3,050 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Travelers Companies in the 2nd quarter worth $17,303,000. Cetera Advisors LLC increased its stake in shares of Travelers Companies by 75.3% in the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after acquiring an additional 4,724 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Travelers Companies in the 1st quarter worth $26,618,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TRV shares. The Goldman Sachs Group raised their target price on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday, October 22nd. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Jefferies Financial Group raised their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company raised their price objective on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $251.15.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. 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 90 days. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Performance

Shares of TRV opened at $263.77 on Wednesday. The stock has a 50-day simple moving average of $247.64 and a 200-day simple moving average of $226.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $59.88 billion, a PE ratio of 13.53, a PEG ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $175.88 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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. The business 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 business’s quarterly revenue was up 11.9% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 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.