Talbot Financial LLC Takes $15.23 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Talbot Financial LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 65,056 shares of the insurance provider’s stock, valued at approximately $15,231,000. Travelers Companies makes up 1.9% of Talbot Financial LLC’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Travelers Companies by 36.8% during the 1st 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 during the last quarter. Acadian Asset Management LLC increased its holdings in Travelers Companies by 356.4% during the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after buying an additional 678,241 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Travelers Companies in the first quarter worth approximately $88,190,000. Point72 Asset Management L.P. boosted its stake in shares of Travelers Companies by 6,167.2% during the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock worth $63,596,000 after acquiring an additional 328,527 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Travelers Companies by 324.9% during the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after acquiring an additional 230,612 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $230.34 on Wednesday. The stock has a 50 day moving average price of $226.44 and a 200-day moving average price of $218.56. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48. The stock has a market cap of $52.75 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 17.16 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $1.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.82%. Travelers Companies’s payout ratio is 31.20%.

Analyst Ratings Changes

Several equities analysts recently weighed in on TRV shares. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Bank of America lifted their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Finally, Barclays began coverage on shares of Travelers Companies in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $227.05.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.33% of the stock is owned by corporate insiders.

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.