Bridgewater Advisors Inc. Makes New $510,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

Bridgewater Advisors Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,930 shares of the insurance provider's stock, valued at approximately $510,000.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after purchasing an additional 2,466,098 shares in the last quarter. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $560,918,000. GAMMA Investing LLC raised its holdings in shares of Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after acquiring an additional 2,196,426 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Travelers Companies by 153.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after purchasing an additional 907,266 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Travelers Companies by 12.3% during the fourth quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider's stock worth $801,979,000 after buying an additional 364,379 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Up 1.5%

NYSE:TRV traded up $4.05 on Friday, hitting $265.86. 522,863 shares of the stock were exchanged, compared to its average volume of 1,290,362. The Travelers Companies, Inc. has a fifty-two week low of $202.95 and a fifty-two week high of $277.83. The stock has a fifty day moving average of $266.00 and a 200-day moving average of $256.07. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a market cap of $60.05 billion, a PE ratio of 14.49, a PEG ratio of 3.72 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $2.51 EPS. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday. Evercore ISI lifted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $274.00.

Insider Buying and Selling at Travelers Companies

In other news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the sale, the executive vice president directly owned 118,116 shares in the company, valued at approximately $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock valued at $44,868,201 over the last quarter. Company insiders own 1.46% of the company's stock.

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.