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Manning & Napier Advisors LLC Has $17.99 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

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Manning & Napier Advisors LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,662 shares of the insurance provider's stock after selling 7,968 shares during the period. Manning & Napier Advisors LLC's holdings in Travelers Companies were worth $17,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC raised its position in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Travelers Companies in the third quarter worth about $41,000. Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at $50,000. Versant Capital Management Inc raised its stake in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock worth $61,000 after purchasing an additional 215 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock worth $65,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

TRV has been the subject of several research analyst reports. Jefferies Financial Group raised their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research report 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 price target on the stock. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $268.00 to $275.00 and gave the company a "market perform" rating in a report on Monday, January 27th. BMO Capital Markets increased their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $260.47.

View Our Latest Research Report on TRV

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company's stock.

Travelers Companies Stock Down 1.5 %

Shares of Travelers Companies stock traded down $3.78 during trading on Friday, reaching $245.31. The company had a trading volume of 1,463,555 shares, compared to its average volume of 1,373,639. The company has a market cap of $55.69 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The firm's fifty day moving average is $246.75 and its 200-day moving average is $238.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm earned $7.01 EPS. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts anticipate that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. Travelers Companies's dividend payout ratio is presently 19.56%.

About Travelers Companies

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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