Machina Capital S.A.S. Buys Shares of 3,498 The Travelers Companies, Inc. (NYSE:TRV)

Machina Capital S.A.S. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,498 shares of the insurance provider's stock, valued at approximately $925,000.

Several other hedge funds also recently added to or reduced their stakes in TRV. Brighton Jones LLC grew its holdings in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in Travelers Companies in the 4th quarter worth about $276,000. LPL Financial LLC increased its stake in Travelers Companies by 0.7% in the 4th quarter. LPL Financial LLC now owns 197,793 shares of the insurance provider's stock worth $47,646,000 after buying an additional 1,455 shares during the period. Zions Bancorporation N.A. increased its position in Travelers Companies by 48.3% during the 4th quarter. Zions Bancorporation N.A. now owns 4,190 shares of the insurance provider's stock valued at $1,009,000 after purchasing an additional 1,364 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Travelers Companies by 1.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 162,331 shares of the insurance provider's stock valued at $39,104,000 after purchasing an additional 2,208 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

NYSE TRV traded down $0.88 on Friday, hitting $261.11. The company had a trading volume of 1,194,156 shares, compared to its average volume of 1,284,233. The company has a market capitalization of $58.78 billion, a PE ratio of 11.55, a PEG ratio of 3.11 and a beta of 0.51. The company's fifty day moving average price is $265.46 and its 200-day moving average price is $257.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12-month low of $206.43 and a 12-month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 EPS. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's payout ratio is presently 19.46%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Evercore ISI raised their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. UBS Group raised their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Finally, Citigroup restated a "market perform" rating on shares of Travelers Companies in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $275.56.

Insider Buying and Selling

In other news, CFO Daniel S. Frey sold 20,286 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer owned 26,932 shares of the company's stock, valued at $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. The trade was a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,374 shares of company stock worth $47,929,912 in the last 90 days. 1.46% of the stock is owned by insiders.

Travelers Companies Company 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.