US Bancorp DE lowered its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 546,683 shares of the insurance provider's stock after selling 8,764 shares during the period. US Bancorp DE owned approximately 0.24% of Travelers Companies worth $127,989,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Valeo Financial Advisors LLC lifted its stake in Travelers Companies by 8.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 4,890 shares of the insurance provider's stock valued at $1,125,000 after buying an additional 364 shares in the last quarter. Norden Group LLC purchased a new stake in Travelers Companies in the 1st quarter valued at approximately $1,207,000. First Trust Direct Indexing L.P. lifted its stake in Travelers Companies by 10.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 9,080 shares of the insurance provider's stock valued at $2,090,000 after buying an additional 862 shares in the last quarter. Veracity Capital LLC lifted its stake in shares of Travelers Companies by 13.2% during the 1st quarter. Veracity Capital LLC now owns 2,156 shares of the insurance provider's stock worth $496,000 after purchasing an additional 251 shares during the period. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Travelers Companies by 1.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 17,893 shares of the insurance provider's stock worth $4,118,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on TRV. The Goldman Sachs Group increased their price target on Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a research report on Thursday. Citigroup increased their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a "sell" rating in a research report on Tuesday, July 30th. Finally, Roth Mkm increased their price target on Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $247.90.
Get Our Latest Stock Analysis on TRV
Insiders Place Their Bets
In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company's stock, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company's stock, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,999 shares of company stock worth $16,580,166. Corporate insiders own 1.33% of the company's stock.
Travelers Companies Price Performance
Shares of NYSE TRV traded down $4.05 during mid-day trading on Thursday, reaching $246.04. 1,318,374 shares of the company traded hands, compared to its average volume of 1,310,346. The Travelers Companies, Inc. has a fifty-two week low of $165.84 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $56.34 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The stock has a fifty day simple moving average of $238.15 and a 200-day simple moving average of $221.16.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly 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. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.
Travelers Companies Announces Dividend
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 dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's payout ratio is 31.20%.
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.
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