The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 202.3% in the 4th quarter, HoldingsChannel reports. The firm owned 257,047 shares of the insurance provider’s stock after purchasing an additional 172,027 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Travelers Companies were worth $61,920,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TRV. FMR LLC grew its position in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after acquiring an additional 282,884 shares during the period. Point72 Asset Management L.P. bought a new stake in Travelers Companies during the third quarter worth approximately $54,988,000. Finally, Janus Henderson Group PLC boosted its stake in Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after purchasing an additional 232,428 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on TRV. Barclays dropped their price objective on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. UBS Group upped their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $254.65.

Travelers Companies Trading Up 1.4 %

Shares of NYSE TRV opened at $240.14 on Thursday. The stock has a market cap of $54.52 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.17 and a beta of 0.65. The business has a 50 day simple moving average of $250.38 and a 200 day simple moving average of $235.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 52 week low of $194.54 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results 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 company had revenue of $11.90 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.95 earnings per share. On average, research analysts predict that The Travelers Companies, Inc. will post 18.84 earnings per share for the current fiscal year.

Insider Activity

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies 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 completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,149 shares of company stock valued at $20,295,856. Insiders own 1.33% 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.