Twin Tree Management LP Purchases Shares of 15,694 The Travelers Companies, Inc. $TRV

Twin Tree Management LP acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,694 shares of the insurance provider’s stock, valued at approximately $3,460,000.

Other institutional investors also recently modified their holdings of the company. Arbejdsmarkedets Tillaegspension bought a new stake in Travelers Companies in the 4th quarter valued at $24,167,000. Rit Capital Partners PLC bought a new position in shares of Travelers Companies during the 4th quarter worth about $39,450,000. UBS Group AG lifted its holdings in shares of Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after acquiring an additional 89,159 shares during the period. OMERS ADMINISTRATION Corp boosted its position in shares of Travelers Companies by 34.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider’s stock valued at $3,794,000 after acquiring an additional 3,342 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in shares of Travelers Companies by 41.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after acquiring an additional 19,347 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets cut shares of Travelers Companies from an “outperform” rating to a “market perform” rating and upped their target price for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Weiss Ratings raised Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday. Morgan Stanley upped their price objective on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a report on Monday, July 13th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $354.26.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 0.1%

Shares of NYSE TRV opened at $363.83 on Monday. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The company has a 50-day moving average of $352.28 and a two-hundred day moving average of $318.35. The company has a market cap of $75.89 billion, a PE ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.51 earnings per share. As a group, equities analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.