Rockefeller Capital Management L.P. Has $5.49 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Rockefeller Capital Management L.P. decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 10.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,439 shares of the insurance provider's stock after selling 2,632 shares during the period. Rockefeller Capital Management L.P.'s holdings in Travelers Companies were worth $5,487,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on TRV shares. The Goldman Sachs Group lifted their price objective on Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a research note on Tuesday, October 22nd. Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Janney Montgomery Scott lowered Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. Finally, Jefferies Financial Group lifted their price objective on 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, fifteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $251.15.

Travelers Companies Stock Performance

Shares of TRV stock traded up $2.30 on Thursday, reaching $264.08. The stock had a trading volume of 538,577 shares, compared to its average volume of 1,297,426. 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 firm's 50-day moving average is $250.76 and its two-hundred day moving average is $228.57. The firm has a market capitalization of $59.95 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.24 and a beta of 0.63. The Travelers Companies, Inc. has a 12 month low of $180.44 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $11.46 billion. During the same period last year, the business posted $1.95 earnings per share. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 18.83 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. Investors 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 dividend on an annualized basis and a yield of 1.59%. Travelers Companies's dividend payout ratio (DPR) is 21.54%.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business's 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 sale, the chief executive officer now owns 221,924 shares of the company's stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 over the last three months. 1.33% of the stock is owned by insiders.

Travelers Companies 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.