Jacobs Levy Equity Management Inc. Acquires 41,683 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Jacobs Levy Equity Management Inc. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,085,635 shares of the insurance provider’s stock after buying an additional 41,683 shares during the period. Travelers Companies makes up about 1.0% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 12th largest holding. Jacobs Levy Equity Management Inc.’s holdings in Travelers Companies were worth $254,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the 2nd quarter valued at about $25,000. Wolff Wiese Magana LLC lifted its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the 3rd quarter valued at $50,000. Finally, Salomon & Ludwin LLC lifted its holdings in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Down 1.0 %

Travelers Companies stock opened at $263.50 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $180.44 and a 1-year high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $249.31 and its two-hundred day moving average price is $227.74. The firm has a market capitalization of $59.82 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 1.26 and a beta of 0.63.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $1.95 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. Travelers Companies’s payout ratio is presently 21.54%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Bank of America upped their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $251.15.

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.