The Travelers Companies, Inc. $TRV Shares Purchased by Generali Investments Management Co LLC

Generali Investments Management Co LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 518.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 940 shares of the insurance provider’s stock after acquiring an additional 788 shares during the period. Generali Investments Management Co LLC’s holdings in Travelers Companies were worth $251,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies in the first quarter valued at about $26,000. Missouri Trust & Investment Co boosted its position in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Quaker Wealth Management LLC boosted its position in shares of Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after buying an additional 208 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. purchased a new position in Travelers Companies during the second quarter worth $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on TRV shares. Barclays set a $313.00 price objective on shares of Travelers Companies in a research note on Wednesday, October 8th. Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Morgan Stanley boosted their price target on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $291.31.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total value of $575,000.00. Following the transaction, the insider owned 255,086 shares of the company’s stock, valued at $73,337,225. This represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,195 shares of company stock worth $15,042,229 in the last quarter. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 0.2%

NYSE TRV opened at $286.95 on Friday. The company’s fifty day simple moving average is $275.29 and its 200-day simple moving average is $269.65. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market cap of $64.01 billion, a P/E ratio of 11.28, a PEG ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $290.61.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.24 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

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.