2,598 The Travelers Companies, Inc. $TRV Shares Bought by Candriam S.C.A.

Candriam S.C.A. boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,673 shares of the insurance provider’s stock after buying an additional 2,598 shares during the period. Candriam S.C.A.’s holdings in Travelers Companies were worth $40,316,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TRV. BlackRock Inc. purchased a new position in shares of Travelers Companies during the 2nd quarter worth approximately $6,915,909,000. Dimensional Fund Advisors LP raised its position in shares of Travelers Companies by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Travelers Companies in the 2nd quarter worth approximately $932,142,000. GQG Partners LLC purchased a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $789,024,000. Finally, Legal & General Group Plc purchased a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $558,164,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

Shares of TRV opened at $395.08 on Friday. The stock has a market cap of $80.97 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 2.73 and a beta of 0.40. 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 fifty-two week low of $268.00 and a fifty-two week high of $418.00. The firm’s 50-day simple moving average is $377.66 and its two-hundred day simple moving average is $332.77.

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 the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The firm had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. During the same period last year, the business earned $8.14 earnings per share. The business’s revenue was down .5% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 36.27 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio is presently 13.11%.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. Bank of America lifted their price target on Travelers Companies from $301.00 to $320.00 and gave the company an “underperform” rating in a research report on Monday, October 12th. Weiss Ratings upgraded Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a report on Friday, October 9th. Barclays increased their price objective on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Cantor Fitzgerald raised their price objective on Travelers Companies from $378.00 to $397.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $384.00 target price (up from $363.00) on shares of Travelers Companies in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $370.83.

Insider Activity at Travelers Companies

In other news, CEO Alan Schnitzer sold 88,900 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $396.77, for a total transaction of $35,272,853.00. Following the completion of the transaction, the chief executive officer directly owned 303,124 shares in the company, valued at $120,270,509.48. This trade represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey Klenk sold 9,016 shares of Travelers Companies stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total value of $3,656,619.12. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $2,463,837.75. The trade was a 59.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 195,287 shares of company stock worth $77,818,050 over the last quarter. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.