Kovitz Investment Group Partners LLC Decreases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Kovitz Investment Group Partners LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,531 shares of the insurance provider's stock after selling 2,586 shares during the period. Kovitz Investment Group Partners LLC's holdings in Travelers Companies were worth $1,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Travelers Companies by 9.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 144,889 shares of the insurance provider's stock worth $29,462,000 after purchasing an additional 12,161 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Travelers Companies by 36.2% in the second quarter. Great Valley Advisor Group Inc. now owns 2,943 shares of the insurance provider's stock valued at $598,000 after acquiring an additional 782 shares in the last quarter. ORG Partners LLC increased its position in shares of Travelers Companies by 199.1% during the second quarter. ORG Partners LLC now owns 1,026 shares of the insurance provider's stock valued at $208,000 after acquiring an additional 683 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Travelers Companies by 11.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 613 shares of the insurance provider's stock worth $125,000 after acquiring an additional 65 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Travelers Companies by 1.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 20,443 shares of the insurance provider's stock valued at $4,157,000 after purchasing an additional 361 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRV. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Roth Mkm increased their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. BMO Capital Markets boosted their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group lifted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $253.65.

Travelers Companies Price Performance

Shares of NYSE:TRV traded down $3.18 during trading on Tuesday, reaching $247.68. The company had a trading volume of 2,138,284 shares, compared to its average volume of 1,306,484. The Travelers Companies, Inc. has a 12 month low of $180.44 and a 12 month high of $269.55. The company has a fifty day moving average of $252.16 and a two-hundred day moving average of $229.59. The stock has a market capitalization of $56.23 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. 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 announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm 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 company's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.95 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share 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 issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is currently 21.54%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction dated Monday, October 21st. The shares were 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 in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $65,099,840. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by insiders.

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.