GLOBALT Investments LLC GA Sells 37,411 Shares of The Travelers Companies, Inc. (NYSE:TRV)

GLOBALT Investments LLC GA trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 68.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,991 shares of the insurance provider's stock after selling 37,411 shares during the period. GLOBALT Investments LLC GA's holdings in Travelers Companies were worth $3,978,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC raised its holdings in shares of Travelers Companies by 19.7% during the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider's stock valued at $316,000 after buying an additional 226 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $235,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $587,000. Rockport Wealth LLC purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $253,000. Finally, Ameritas Investment Partners Inc. increased its holdings in Travelers Companies by 25.9% during the 1st quarter. Ameritas Investment Partners Inc. now owns 3,195 shares of the insurance provider's stock worth $735,000 after purchasing an additional 657 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on TRV. Wells Fargo & Company lifted their price objective on Travelers Companies from $207.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Citigroup lifted their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a "sell" rating in a report on Tuesday, July 30th. StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Bank of America boosted their price target on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $247.90.

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 dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the company's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares of the company's stock, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,999 shares of company stock valued at $16,580,166. Company insiders own 1.33% of the company's stock.

Travelers Companies Trading Up 0.5 %

Shares of Travelers Companies stock traded up $1.41 on Monday, reaching $262.23. 459,873 shares of the company were exchanged, compared to its average volume of 1,300,668. The stock has a fifty day moving average price of $244.44 and a 200-day moving average price of $224.48. The firm has a market capitalization of $59.53 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $170.88 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. The company 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%. Travelers Companies's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.95 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

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.