Bridgewater Associates LP Sells 76,438 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bridgewater Associates LP reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 53.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 66,663 shares of the insurance provider's stock after selling 76,438 shares during the period. Bridgewater Associates LP's holdings in Travelers Companies were worth $15,607,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TRV. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock worth $36,000 after acquiring an additional 66 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company's 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 completion of the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of the firm's 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 completion of the sale, the executive vice president now directly owns 1,715 shares of the company's stock, valued at $446,671.75. The trade was a 69.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. Insiders own 1.33% of the company's stock.

Travelers Companies Trading Up 1.1 %

TRV stock traded up $2.89 during trading on Thursday, hitting $266.66. 1,266,237 shares of the company traded hands, compared to its average volume of 1,306,734. 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 company has a 50-day moving average of $248.76 and a 200-day moving average of $227.23. The firm has a market capitalization of $60.54 billion, a PE ratio of 13.67, a P/E/G ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $175.88 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. During the same quarter last year, the business earned $1.95 earnings per share. The business's revenue was up 11.9% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company 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 $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

Analysts Set New Price Targets

Several research analysts have commented on TRV shares. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Wednesday. Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Janney Montgomery Scott cut shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a "hold" rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets increased their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $251.15.

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.