The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 91.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 492,590 shares of the insurance provider’s stock after purchasing an additional 235,543 shares during the period. Assenagon Asset Management S.A. owned approximately 0.22% of Travelers Companies worth $130,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Yoffe Investment Management LLC acquired a new stake in Travelers Companies in the 4th quarter worth about $1,202,000. Erste Asset Management GmbH lifted its holdings in Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after acquiring an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock valued at $38,343,000 after purchasing an additional 47,985 shares during the period. Steward Partners Investment Advisory LLC raised its position in Travelers Companies by 16.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock valued at $5,122,000 after purchasing an additional 3,046 shares during the period. Finally, Banco Santander S.A. raised its position in Travelers Companies by 2.3% in the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider’s stock valued at $16,065,000 after purchasing an additional 1,494 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV stock opened at $262.90 on Wednesday. The firm has a market cap of $59.38 billion, a P/E ratio of 12.25, a P/E/G ratio of 4.65 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $262.62 and its two-hundred day moving average price is $254.17. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $277.83.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the previous year, the company earned $4.69 EPS. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is 23.95%.

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 35,456 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the sale, the chief executive officer now directly owns 262,329 shares of the company’s stock, valued at $71,820,433.62. This trade represents a 11.91% 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, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the transaction, the chief financial officer now owns 26,932 shares in the company, valued at $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock worth $44,868,201 in the last quarter. 1.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TRV shares. Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Jefferies Financial Group increased their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Evercore ISI increased their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Finally, UBS Group dropped their target price on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $271.11.

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.