The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in The Travelers Companies, Inc. (NYSE:TRVFree Report) by 66.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,335 shares of the insurance provider’s stock after purchasing an additional 10,148 shares during the period. Wellington Management Group LLP’s holdings in Travelers Companies were worth $4,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of TRV. VisionPoint Advisory Group LLC acquired a new position in shares of Travelers Companies in the 2nd quarter valued at $26,000. First Command Advisory Services Inc. acquired a new position in Travelers Companies during the 3rd quarter worth about $26,000. Arlington Trust Co LLC acquired a new position in Travelers Companies during the 3rd quarter worth about $27,000. FWL Investment Management LLC acquired a new position in Travelers Companies during the 4th quarter worth about $28,000. Finally, Country Trust Bank lifted its stake in Travelers Companies by 548.1% during the 3rd quarter. Country Trust Bank now owns 175 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James increased their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. The Goldman Sachs Group upped their price target on Travelers Companies from $166.00 to $186.00 and gave the stock a “sell” rating in a report on Monday, January 22nd. HSBC initiated coverage on Travelers Companies in a report on Thursday, December 28th. They set a “hold” rating and a $203.00 price target on the stock. Janney Montgomery Scott began coverage on Travelers Companies in a report on Wednesday, December 20th. They issued a “buy” rating and a $215.00 price objective on the stock. Finally, TD Cowen began coverage on Travelers Companies in a report on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 price objective on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $201.38.

Read Our Latest Stock Analysis on TRV

Travelers Companies Stock Down 0.1 %

TRV opened at $225.33 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The business has a 50 day simple moving average of $216.60 and a 200-day simple moving average of $189.25. The stock has a market capitalization of $51.63 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.17 and a beta of 0.58. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $227.48.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $1.91. The firm had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. Travelers Companies’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.40 earnings per share. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.67 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.00 annualized dividend and a yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 31.27%.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the transaction, the senior vice president now directly owns 719 shares of the company’s stock, valued at approximately $153,046.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,775 shares of company stock valued at $23,343,903. 1.29% of the stock is owned by insiders.

Travelers Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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