Acadian Asset Management LLC Has $182.81 Million Stake in The Travelers Companies, Inc. $TRV

Acadian Asset Management LLC lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 24.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 683,347 shares of the insurance provider’s stock after selling 215,363 shares during the period. Acadian Asset Management LLC owned about 0.30% of Travelers Companies worth $182,807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies during the first quarter valued at about $26,000. Missouri Trust & Investment Co increased its stake in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Quaker Wealth Management LLC raised its holdings in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after buying an additional 208 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Travelers Companies during the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,392 shares of company stock valued at $13,945,170 over the last ninety days. 1.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRV. UBS Group upped their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Morgan Stanley boosted 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. Citigroup began coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $291.31.

Travelers Companies Trading Up 1.2%

NYSE TRV opened at $279.52 on Friday. The business has a 50 day simple moving average of $274.23 and a 200 day simple moving average of $268.79. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The stock has a market capitalization of $62.35 billion, a P/E ratio of 10.99, a P/E/G ratio of 2.38 and a beta of 0.55. 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 issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. The firm had revenue of $11.47 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $5.24 earnings per share. Research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

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.