The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Conning Inc.

Conning Inc. cut its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,504 shares of the insurance provider's stock after selling 5,972 shares during the period. Conning Inc. owned 0.07% of Travelers Companies worth $38,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its stake in Travelers Companies by 23.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,664 shares of the insurance provider's stock worth $428,000 after purchasing an additional 318 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Travelers Companies by 8.1% during the third quarter. Farther Finance Advisors LLC now owns 2,510 shares of the insurance provider's stock worth $588,000 after acquiring an additional 189 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in Travelers Companies by 18.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 6,609 shares of the insurance provider's stock valued at $1,547,000 after acquiring an additional 1,035 shares in the last quarter. Lebenthal Global Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at about $204,000. Finally, Focus Financial Network Inc. raised its holdings in Travelers Companies by 1.8% in the 3rd quarter. Focus Financial Network Inc. now owns 8,247 shares of the insurance provider's stock valued at $1,931,000 after acquiring an additional 147 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.1 %

Shares of TRV traded down $0.30 during midday trading on Friday, reaching $245.64. The stock had a trading volume of 1,450,251 shares, compared to its average volume of 1,186,107. The Travelers Companies, Inc. has a 1-year low of $165.84 and a 1-year high of $269.55. The company's fifty day simple moving average is $239.19 and its two-hundred day simple moving average is $221.60. The company has a market cap of $55.77 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.18 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the business earned $1.95 EPS. The company's revenue was up 11.9% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 18.53 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.71%. Travelers Companies's dividend payout ratio is presently 21.54%.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was 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 directly owns 250,384 shares of the company's stock, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The stock was 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 $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock worth $16,580,166 over the last 90 days. Corporate insiders own 1.33% of the company's stock.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a report on Thursday, October 17th. Royal Bank of Canada increased their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday. Roth Mkm increased their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Finally, TD Cowen cut shares of Travelers Companies from a "buy" rating to a "hold" rating and dropped their price target for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average price target of $247.90.

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.