The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 18.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,942 shares of the insurance provider's stock after selling 22,310 shares during the quarter. Martingale Asset Management L P's holdings in Travelers Companies were worth $23,164,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Ledyard National Bank increased its position in shares of 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 acquiring an additional 39 shares during the last quarter. Trueblood Wealth Management LLC raised its holdings 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 buying an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. raised its holdings 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 buying an additional 42 shares during the period. Willner & Heller LLC boosted its holdings in Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider's stock valued at $268,000 after acquiring an additional 45 shares during the period. Finally, Wolff Wiese Magana LLC boosted its holdings in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 45 shares during the period. Hedge funds and other 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 mid-day trading on Friday, hitting $266.04. 770,485 shares of the stock were exchanged, compared to its average volume of 1,304,413. The company has a 50-day simple moving average of $248.76 and a 200 day simple moving average of $227.23. 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 stock has a market capitalization of $60.40 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $177.61 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 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 analysts' expectations of $11.46 billion. During the same period in the previous year, the company earned $1.95 EPS. Travelers Companies's revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 18.83 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. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is 21.54%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRV. BMO Capital Markets lifted their target price on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Bank of America raised their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $251.15.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total value 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. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 in the last 90 days. 1.33% of the stock is currently owned by insiders.

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.