The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,760 shares of the insurance provider's stock after selling 2,813 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Travelers Companies worth $28,741,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Y.D. More Investments Ltd purchased a new stake in Travelers Companies during the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC lifted its holdings in 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 acquiring an additional 45 shares during the period. True Wealth Design LLC purchased a new position in Travelers Companies in the third quarter worth about $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at about $50,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock worth $65,000 after buying an additional 50 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TRV shares. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Janney Montgomery Scott lowered Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. Barclays lifted their price objective on 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 downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $251.15.

Insiders Place Their Bets

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company's stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by insiders.

Travelers Companies Price Performance

TRV traded down $1.28 on Tuesday, hitting $262.23. 339,766 shares of the company's stock were exchanged, compared to its average volume of 1,299,283. The Travelers Companies, Inc. has a fifty-two week low of $180.44 and a fifty-two week high of $269.55. The stock has a market cap of $59.53 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.26 and a beta of 0.63. The firm has a 50-day moving average price of $249.31 and a 200-day moving average price of $227.74. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. During the same period in the prior year, the business posted $1.95 EPS. The company's revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 18.83 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, December 31st. Investors of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. Travelers Companies's dividend payout ratio (DPR) is presently 21.54%.

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.