Chevy Chase Trust Holdings LLC Decreases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Chevy Chase Trust Holdings LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,698 shares of the insurance provider's stock after selling 3,062 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Travelers Companies worth $28,834,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock valued at $121,811,000 after purchasing an additional 518,075 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Travelers Companies by 66.9% in the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock valued at $166,645,000 after purchasing an additional 282,884 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at about $54,988,000. Finally, Janus Henderson Group PLC grew 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 worth $79,582,000 after buying an additional 232,428 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV traded up $3.78 during trading hours on Wednesday, hitting $242.18. The company's stock had a trading volume of 1,330,814 shares, compared to its average volume of 1,353,023. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The business's 50-day moving average is $242.28 and its two-hundred day moving average is $241.29. The company has a market capitalization of $54.91 billion, a PE ratio of 11.28, a PEG ratio of 1.14 and a beta of 0.64.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the business posted $7.01 earnings per share. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 18.78 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's dividend payout ratio is currently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. HSBC upgraded Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Janney Montgomery Scott downgraded shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $275.00 to $286.00 in a research note on Wednesday. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $261.05.

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.