Acadian Asset Management LLC Has $237.66 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Acadian Asset Management LLC grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 41.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 898,710 shares of the insurance provider’s stock after buying an additional 262,265 shares during the period. Acadian Asset Management LLC owned 0.40% of Travelers Companies worth $237,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies during the first quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Putney Financial Group LLC acquired a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Finally, Flaharty Asset Management LLC acquired a new stake in Travelers Companies during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.3%

Shares of NYSE:TRV opened at $273.79 on Wednesday. The stock has a market cap of $61.64 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 3.15 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70. The business’s 50 day moving average is $265.22 and its 200 day moving average is $262.92.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $2.51 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s payout ratio is presently 19.46%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TRV. Wells Fargo & Company raised their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. UBS Group raised their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective for the company. Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $284.56.

Travelers Companies Company 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.