Blue Trust Inc. Has $1.18 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Blue Trust Inc. boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 68.2% in the third quarter, HoldingsChannel reports. The firm owned 5,046 shares of the insurance provider’s stock after acquiring an additional 2,046 shares during the period. Blue Trust Inc.’s holdings in Travelers Companies were worth $1,181,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TRV. Nordea Investment Management AB raised its position in shares of Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after acquiring an additional 95,451 shares during the period. Cetera Investment Advisers lifted its position in Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after acquiring an additional 35,560 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after buying an additional 25,575 shares during the period. GAMMA Investing LLC raised its holdings in shares of Travelers Companies by 162.6% in the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after purchasing an additional 3,050 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in Travelers Companies by 145.5% during the first quarter. Diversified Trust Co now owns 16,013 shares of the insurance provider’s stock worth $3,685,000 after purchasing an additional 9,491 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 0.2 %

TRV stock opened at $265.45 on Monday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $269.55. The business has a 50-day simple moving average of $231.88 and a 200 day simple moving average of $219.52. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $60.79 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.09 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a report on Wednesday, October 9th. William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Citigroup increased their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $235.42.

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.