Acadian Asset Management LLC Buys 157,837 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Acadian Asset Management LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 485.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,322 shares of the insurance provider’s stock after purchasing an additional 157,837 shares during the period. Acadian Asset Management LLC owned about 0.08% of Travelers Companies worth $43,785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Travelers Companies by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 186,582 shares of the insurance provider’s stock valued at $42,882,000 after purchasing an additional 5,595 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Travelers Companies during the 1st quarter valued at approximately $4,974,000. Great Lakes Retirement Inc. bought a new position in Travelers Companies in the 1st quarter worth approximately $1,023,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Travelers Companies by 12.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 385,319 shares of the insurance provider’s stock valued at $88,677,000 after buying an additional 43,314 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,635 shares of company stock valued at $3,980,827 in the last quarter. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.7 %

Shares of NYSE TRV traded up $1.48 during midday trading on Monday, reaching $204.96. The company had a trading volume of 583,629 shares, compared to its average volume of 1,375,176. The stock has a market cap of $46.93 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The firm’s fifty day moving average price is $210.53 and its 200-day moving average price is $213.97. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same period last year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 16.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TRV shares. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Jefferies Financial Group reduced their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. Keefe, Bruyette & Woods cut their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Roth Mkm reaffirmed a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Finally, Morgan Stanley cut their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $220.94.

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.