Pathstone Holdings LLC Lowers Position in The Travelers Companies, Inc. (NYSE:TRV)

Pathstone Holdings LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 15.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,436 shares of the insurance provider's stock after selling 10,019 shares during the period. Pathstone Holdings LLC's holdings in Travelers Companies were worth $12,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ledyard National Bank lifted its stake in shares of Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock valued at $484,000 after purchasing an additional 39 shares during the last quarter. Trueblood Wealth Management LLC lifted its stake in shares of Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider's stock valued at $423,000 after purchasing an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its stake in shares of Travelers Companies by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider's stock valued at $351,000 after purchasing an additional 42 shares during the last quarter. Willner & Heller LLC lifted its stake in shares of Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock valued at $268,000 after purchasing an additional 45 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Analysts Set New Price Targets

TRV has been the topic of several recent analyst reports. Roth Mkm upped their price target on Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. UBS Group boosted their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a report on Monday. Finally, Jefferies Financial Group upped their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $247.90.

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares of the company's stock, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,409 shares of company stock worth $19,305,504. Insiders own 1.33% of the company's stock.

Travelers Companies Stock Down 0.8 %

Shares of NYSE TRV opened at $257.12 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $172.38 and a 52 week high of $269.55. The firm has a 50-day moving average price of $245.79 and a 200 day moving average price of $225.37. The stock has a market capitalization of $58.37 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62.

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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $11.46 billion. During the same quarter last year, the business earned $1.95 earnings per share. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's payout ratio is currently 21.54%.

About Travelers Companies

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.