First Trust Direct Indexing L.P. Purchases 2,611 Shares of The Travelers Companies, Inc. (NYSE:TRV)

First Trust Direct Indexing L.P. lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 25.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,964 shares of the insurance provider’s stock after purchasing an additional 2,611 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Travelers Companies were worth $3,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after acquiring an additional 165,708 shares in the last quarter. Legal & General Group Plc boosted its stake in Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after purchasing an additional 37,029 shares during the last quarter. Boston Partners lifted its holdings in shares of Travelers Companies by 16.4% during the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after purchasing an additional 196,011 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Travelers Companies by 8.0% during the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after buying an additional 85,619 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TRV. Royal Bank of Canada boosted their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and lowered their target price for the company from $252.00 to $230.00 in a research report on Monday, July 15th. Finally, BMO Capital Markets raised their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $247.90.

Travelers Companies Stock Up 0.9 %

NYSE TRV traded up $2.20 during trading on Wednesday, hitting $250.87. The company’s stock had a trading volume of 242,921 shares, compared to its average volume of 1,306,292. The Travelers Companies, Inc. has a fifty-two week low of $165.84 and a fifty-two week high of $269.55. The company has a market cap of $57.45 billion, a PE ratio of 18.47, a P/E/G ratio of 1.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The business’s 50 day simple moving average is $237.49 and its 200-day simple moving average is $220.96.

Travelers Companies (NYSE:TRV) last released 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 net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the firm earned $1.95 EPS. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction dated 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 in the company, valued at $65,237,551.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’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 value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,479 shares of company stock worth $15,434,526. Insiders own 1.33% of the company’s stock.

About Travelers Companies

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.