The Manufacturers Life Insurance Company Has $33.96 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

The Manufacturers Life Insurance Company lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,052 shares of the insurance provider's stock after selling 2,787 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of Travelers Companies worth $33,960,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers boosted its stake in shares of Travelers Companies by 356.3% in the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider's stock valued at $10,481,000 after buying an additional 35,560 shares during the period. GAMMA Investing LLC lifted its position in shares of Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider's stock valued at $1,002,000 after acquiring an additional 3,050 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $17,303,000. Cetera Advisors LLC grew its holdings in shares of Travelers Companies by 75.3% during the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider's stock worth $2,531,000 after purchasing an additional 4,724 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Travelers Companies in the second quarter worth $9,798,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 0.2 %

Shares of Travelers Companies stock traded down $0.62 during trading on Friday, hitting $266.04. The company's stock had a trading volume of 770,668 shares, compared to its average volume of 1,304,414. The stock has a market cap of $60.40 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a 52 week low of $177.61 and a 52 week high of $269.55. The stock has a 50-day moving average price of $249.31 and a two-hundred day moving average price of $227.65. 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 released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 17.69% and a net margin of 10.02%. The business's revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. Travelers Companies's dividend payout ratio (DPR) is currently 21.54%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRV. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Roth Mkm upped their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group upped their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada lifted their price target on Travelers Companies from $250.00 to $273.00 and gave the company a "sector perform" rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and a consensus target price of $251.15.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 owns 221,924 shares of the company's stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently 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.