Assetmark Inc. Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Assetmark Inc. boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.5% during the 3rd quarter, Holdings Channel reports. The fund owned 2,721 shares of the insurance provider’s stock after acquiring an additional 67 shares during the quarter. Assetmark Inc.’s holdings in Travelers Companies were worth $637,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in Travelers Companies by 356.4% during the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after acquiring an additional 678,241 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Travelers Companies during the first quarter worth about $88,190,000. Renaissance Technologies LLC lifted its position in Travelers Companies by 324.9% during the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after buying an additional 230,612 shares during the period. Finally, Boston Partners raised its holdings in shares of Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after purchasing an additional 196,011 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,999 shares of company stock worth $16,580,166. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. BMO Capital Markets lifted their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Roth Mkm lifted their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Barclays boosted their price objective on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their target price 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 investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $247.90.

Travelers Companies Trading Up 1.7 %

Shares of TRV stock opened at $260.82 on Friday. The firm has a 50 day moving average price of $243.91 and a two-hundred day moving average price of $223.99. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $59.21 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a 12-month low of $169.18 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the business posted $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts predict that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s payout ratio is 21.54%.

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.