The Travelers Companies, Inc. $TRV Shares Bought by Banco Santander S.A.

Banco Santander S.A. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 22.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,612 shares of the insurance provider’s stock after acquiring an additional 9,054 shares during the period. Banco Santander S.A.’s holdings in Travelers Companies were worth $13,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. PFG Advisors boosted its stake in Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after acquiring an additional 2,217 shares in the last quarter. Greatmark Investment Partners Inc. boosted its stake in Travelers Companies by 3.0% in the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after acquiring an additional 1,772 shares in the last quarter. Atlas Capital Advisors Inc. boosted its stake in Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after acquiring an additional 4,098 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Travelers Companies by 47.3% in the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after acquiring an additional 1,703 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its stake in shares of Travelers Companies by 200.2% during the first quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock worth $870,000 after buying an additional 2,194 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, 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 transaction of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Trading Up 0.3%

NYSE TRV opened at $269.98 on Monday. The company has a market capitalization of $60.22 billion, a PE ratio of 10.62, a P/E/G ratio of 2.44 and a beta of 0.51. The company has a fifty day moving average of $274.13 and a 200 day moving average of $267.34. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.24 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s payout ratio is currently 17.30%.

Analyst Ratings Changes

Several equities research analysts have recently commented on TRV shares. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley lifted their price objective on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Wolfe Research started coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $291.31.

Travelers Companies 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.