Rakuten Investment Management Inc. Makes New $13.60 Million Investment in The Travelers Companies, Inc. $TRV

Rakuten Investment Management Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 37,436 shares of the insurance provider’s stock, valued at approximately $13,597,000.

Several other hedge funds also recently made changes to their positions in TRV. Latitude Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at $28,000. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies in the second quarter valued at about $26,000. Kilter Group LLC acquired a new position in Travelers Companies during the second quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in Travelers Companies in the first quarter valued at approximately $26,000. Finally, Delos Wealth Advisors LLC bought a new position in Travelers Companies in the second quarter valued at approximately $30,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 3.4%

Shares of TRV opened at $408.90 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $268.00 and a 52-week high of $409.31. The firm has a market cap of $83.80 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 2.73 and a beta of 0.40. The business’s fifty day moving average is $376.51 and its 200-day moving average is $331.47.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. The firm had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.14 earnings per share. Equities analysts anticipate that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Travelers Companies’s payout ratio is currently 13.11%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Gregory Toczydlowski sold 34,771 shares of the stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $403.89, for a total value of $14,043,659.19. Following the completion of the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $7,438,038.24. This trade represents a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Rowland sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $405.62, for a total value of $2,028,100.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at $4,250,491.98. This represents a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 180,287 shares of company stock worth $71,713,050 over the last three months. 1.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a research report on Friday, October 9th. JPMorgan Chase & Co. raised their price target on Travelers Companies from $352.00 to $379.00 and gave the company a “neutral” rating in a report on Tuesday, October 20th. Cantor Fitzgerald raised their target price on shares of Travelers Companies from $378.00 to $397.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. Roth Capital restated a “buy” rating on shares of Travelers Companies in a research report on Monday, October 26th. Finally, UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research note on Monday, October 19th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $366.37.

Travelers Companies Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.