The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 111,868 shares of the insurance provider's stock after selling 2,348 shares during the quarter. Braun Stacey Associates Inc.'s holdings in Travelers Companies were worth $26,191,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in TRV. Acadian Asset Management LLC increased its holdings in shares of Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock valued at $176,589,000 after purchasing an additional 678,241 shares during the last quarter. International Assets Investment Management LLC increased its stake in Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock worth $121,811,000 after acquiring an additional 518,075 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Travelers Companies in the first quarter valued at $88,190,000. Renaissance Technologies LLC lifted its stake in shares of Travelers Companies by 324.9% in the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider's stock valued at $61,324,000 after purchasing an additional 230,612 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider's stock worth $319,348,000 after purchasing an additional 196,011 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now directly owns 1,715 shares of the company's stock, valued at approximately $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,999 shares of company stock worth $16,580,166. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Performance

NYSE TRV traded up $1.57 during trading hours on Monday, hitting $262.39. The company had a trading volume of 500,853 shares, compared to its average volume of 1,300,852. The business has a 50 day moving average of $244.44 and a 200-day moving average of $224.48. 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 1-year low of $170.88 and a 1-year high of $269.55. The company has a market cap of $59.57 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping 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 firm's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is currently 21.54%.

Analysts Set New Price Targets

TRV has been the subject of several research analyst reports. Barclays increased their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Roth Mkm raised their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $247.90.

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.