The Travelers Companies, Inc. (TRV) Position Held by Strategy Asset Managers LLC

The Travelers Companies, Inc. (TRV) Position Held by Strategy Asset Managers LLC

Strategy Asset Managers LLC maintained its stake in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, Holdings Channel reports. The fund owned 4,100 shares of the company’s stock at the end of the third quarter. Strategy Asset Managers LLC’s holdings in The Travelers Companies were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cohen & Steers Inc. boosted its stake in The Travelers Companies by 573,761.8% in the second quarter. Cohen & Steers Inc. now owns 6,312,480 shares of the company’s stock worth $672,090,000 after buying an additional 6,311,380 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of The Travelers Companies by 209.7% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 951,747 shares of the company’s stock worth $109,022,000 after buying an additional 644,477 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of The Travelers Companies by 46.7% in the second quarter. TIAA CREF Investment Management LLC now owns 1,606,286 shares of the company’s stock worth $191,212,000 after buying an additional 511,608 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of The Travelers Companies by 288.4% in the third quarter. BNP Paribas Arbitrage SA now owns 492,106 shares of the company’s stock worth $56,371,000 after buying an additional 365,410 shares during the last quarter. Finally, Winton Capital Group Ltd raised its stake in shares of The Travelers Companies by 122.3% in the second quarter. Winton Capital Group Ltd now owns 624,567 shares of the company’s stock worth $74,348,000 after buying an additional 343,620 shares during the last quarter. Hedge funds and other institutional investors own 76.62% of the company’s stock.

The Travelers Companies, Inc. (NYSE:TRV) traded up 0.92% during midday trading on Wednesday, reaching $118.54. The company’s stock had a trading volume of 1,486,815 shares. The stock has a 50 day moving average of $119.32 and a 200 day moving average of $115.79. The firm has a market capitalization of $33.67 billion, a PE ratio of 12.02 and a beta of 1.03. The Travelers Companies, Inc. has a 52 week low of $101.23 and a 52 week high of $123.09.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 9th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, December 7th. The Travelers Companies’s payout ratio is 27.29%.

A number of brokerages have issued reports on TRV. BMO Capital Markets raised The Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $120.00 to $135.00 in a research note on Monday, December 12th. Goldman Sachs Group, Inc. (The) lowered The Travelers Companies from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $116.00 to $107.00 in a research note on Tuesday, January 10th. Barclays PLC reissued an “equal weight” rating and issued a $109.00 price target (up from $105.00) on shares of The Travelers Companies in a research note on Saturday, October 1st. Morgan Stanley lowered The Travelers Companies from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $120.25 to $110.00 in a research note on Thursday, January 5th. They noted that the move was a valuation call. Finally, Macquarie raised The Travelers Companies from an “underperform” rating to an “outperform” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $118.00.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 1,000 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $114.00, for a total value of $114,000.00. Following the transaction, the insider now directly owns 229,254 shares of the company’s stock, valued at approximately $26,134,956. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Philip T. Ruegger III bought 2,000 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was purchased at an average cost of $107.19 per share, for a total transaction of $214,380.00. Following the completion of the transaction, the director now owns 22,443 shares in the company, valued at $2,405,665.17. The disclosure for this purchase can be found here. 1.34% of the stock is owned by company insiders.

The Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV).

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