Rakuten Investment Management Inc. Makes New Investment in The Travelers Companies, Inc. $TRV

Rakuten Investment Management Inc. purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,436 shares of the insurance provider’s stock, valued at approximately $13,597,000.

Other institutional investors have also bought and sold shares of the company. Third View Private Wealth LLC raised its stake in shares of Travelers Companies by 2.6% in the 3rd quarter. Third View Private Wealth LLC now owns 11,062 shares of the insurance provider’s stock worth $3,944,000 after buying an additional 285 shares in the last quarter. Provenance Wealth Advisors LLC lifted its position in shares of Travelers Companies by 1,729.1% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,006 shares of the insurance provider’s stock valued at $359,000 after acquiring an additional 951 shares during the last quarter. Lyell Wealth Management LP boosted its stake in shares of Travelers Companies by 1.0% during the 3rd quarter. Lyell Wealth Management LP now owns 5,368 shares of the insurance provider’s stock worth $1,914,000 after acquiring an additional 52 shares in the last quarter. Associated Banc Corp acquired a new position in shares of Travelers Companies in the 3rd quarter valued at $930,000. Finally, Integrity Alliance LLC. lifted its stake in Travelers Companies by 4.6% during the third quarter. Integrity Alliance LLC. now owns 1,560 shares of the insurance provider’s stock valued at $556,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 15,100 shares of the stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $398.44, for a total value of $6,016,444.00. Following the transaction, the executive vice president owned 103,642 shares of the company’s stock, valued at $41,295,118.48. This represents a 12.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 34,771 shares of the company’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $403.89, for a total value of $14,043,659.19. Following the completion of the sale, the executive vice president directly owned 18,416 shares of the company’s stock, valued at approximately $7,438,038.24. This trade represents a 65.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 180,287 shares of company stock worth $71,713,050. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $408.90 on Thursday. The firm has a market capitalization of $83.80 billion, a PE ratio of 10.72, a PEG ratio of 2.73 and a beta of 0.40. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $376.51 and its 200-day moving average is $331.47. The Travelers Companies, Inc. has a 1-year low of $268.00 and a 1-year high of $409.31.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping the consensus estimate of $7.39 by $1.79. The business had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. Travelers Companies’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $8.14 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 36.27 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. Travelers Companies’s payout ratio is currently 13.11%.

Analyst Ratings Changes

TRV has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Travelers Companies from $372.00 to $382.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 20th. Evercore downgraded Travelers Companies from an “outperform” rating to an “in-line” rating and set a $329.00 target price on the stock. in a report on Friday, July 10th. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research report on Monday, July 13th. Mizuho boosted their price target on shares of Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a report on Tuesday, October 20th. Finally, Wells Fargo & Company boosted their price target on Travelers Companies from $341.00 to $377.00 and gave the company an “equal weight” rating in a research note on Monday, October 19th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $366.37.

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.