The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,008 shares of the insurance provider’s stock after purchasing an additional 1,360 shares during the period. Thrivent Financial for Lutherans’ holdings in Travelers Companies were worth $3,982,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at $35,000. Beacon Capital Management LLC lifted its holdings in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Barclays lifted their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup upped their target price 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. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Bank of America lifted their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $251.15.

Travelers Companies Stock Up 0.6 %

NYSE:TRV opened at $262.47 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $246.83 and a 200-day moving average of $226.06. The firm has a market capitalization of $59.59 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a 52 week low of $175.88 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the company earned $1.95 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post 18.68 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This trade represents a 69.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,409 shares of company stock worth $19,305,504. 1.33% of the stock is owned by company insiders.

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.