The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 81.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,545 shares of the insurance provider's stock after selling 6,762 shares during the period. Centiva Capital LP's holdings in Travelers Companies were worth $362,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $9,798,000. Wealth Enhancement Advisory Services LLC lifted its position in Travelers Companies by 9.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 144,889 shares of the insurance provider's stock valued at $29,462,000 after purchasing an additional 12,161 shares during the period. Kintegral Advisory LLC boosted its holdings in Travelers Companies by 14.3% in the second quarter. Kintegral Advisory LLC now owns 12,189 shares of the insurance provider's stock worth $2,479,000 after purchasing an additional 1,528 shares during the last quarter. LPL Financial LLC grew its position in Travelers Companies by 7.4% in the 2nd quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider's stock worth $36,099,000 after purchasing an additional 12,190 shares during the period. Finally, TD Asset Management Inc raised its stake in Travelers Companies by 5.4% during the 2nd quarter. TD Asset Management Inc now owns 264,320 shares of the insurance provider's stock valued at $53,747,000 after buying an additional 13,639 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 1.3 %

TRV stock traded down $3.18 on Tuesday, hitting $247.68. 2,138,284 shares of the company's stock were exchanged, compared to its average volume of 1,306,484. The firm has a 50 day moving average price of $252.16 and a two-hundred day moving average price of $229.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 12-month low of $180.44 and a 12-month high of $269.55. The stock has a market cap of $56.23 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.95 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced 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 1.70%. Travelers Companies's dividend payout ratio (DPR) is 21.54%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated 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 transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company's stock in a transaction dated 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 owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on TRV shares. Royal Bank of Canada lifted their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. Roth Mkm boosted 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. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Janney Montgomery Scott lowered shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. Finally, StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $253.65.

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.