2,942 The Travelers Companies, Inc. $TRV Shares Acquired by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its Travelers stake by 19% in the third quarter, adding 2,942 shares and ending the period with 18,430 shares valued at about $6.7 million.
• Travelers reported quarterly earnings of $9.18 per share, beating the $7.39 analyst consensus, while revenue of $12.41 billion also exceeded estimates; revenue was down 0.5% year over year.
• The company declared a quarterly dividend of $1.25 per share, equivalent to an annualized yield of about 1.3%. Insiders have sold 195,287 shares worth roughly $77.8 million over the past three months.

Fulcrum Asset Management LLP raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 19.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,430 shares of the insurance provider's stock after purchasing an additional 2,942 shares during the period. Fulcrum Asset Management LLP's holdings in Travelers Companies were worth $6,694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC purchased a new position in Travelers Companies during the 1st quarter worth $26,000. LifeSteps Financial Inc. acquired a new position in Travelers Companies during the 2nd quarter valued at about $26,000. Kilter Group LLC purchased a new stake in Travelers Companies in the second quarter valued at about $26,000. Latitude Advisors LLC purchased a new stake in Travelers Companies in the third quarter valued at about $28,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Travelers Companies in the second quarter valued at about $30,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 15,000 shares of the firm's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the completion of the transaction, the executive vice president owned 88,642 shares of the company's stock, valued at $36,077,294. This trade represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mojgan Lefebvre sold 11,000 shares of the business's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total transaction of $4,332,240.00. Following the transaction, the executive vice president owned 11,000 shares of the company's stock, valued at $4,332,240. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 195,287 shares of company stock valued at $77,818,050. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $395.08 on Monday. The Travelers Companies, Inc. has a 52 week low of $268.00 and a 52 week high of $418.00. The business's 50 day moving average price is $377.66 and its 200 day moving average price is $332.77. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The firm has a market cap of $80.97 billion, a P/E ratio of 10.36, a P/E/G ratio of 2.73 and a beta of 0.40.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. During the same period last year, the firm posted $8.14 EPS. Travelers Companies's revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 36.27 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies's dividend payout ratio is presently 13.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRV. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $384.00 price target (up from $363.00) on shares of Travelers Companies in a research note on Monday, October 19th. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $351.00 to $365.00 and gave the company a "hold" rating in a report on Monday, October 19th. TD Cowen lowered shares of Travelers Companies from a "hold" rating to a "sell" rating and increased their price objective for the company from $288.00 to $297.00 in a research report on Monday, July 13th. Argus lifted their target price on shares of Travelers Companies from $330.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Travelers Companies from a "buy (a)" rating to a "buy (a+)" rating in a research report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $370.83.

Travelers Companies Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers' compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.

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