The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd cut its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,127 shares of the insurance provider's stock after selling 3,310 shares during the quarter. Travelers Companies accounts for 1.2% of Te Ahumairangi Investment Management Ltd's investment portfolio, making the stock its 26th largest position. Te Ahumairangi Investment Management Ltd's holdings in Travelers Companies were worth $7,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Great Valley Advisor Group Inc. grew its position in shares of Travelers Companies by 36.2% in the second quarter. Great Valley Advisor Group Inc. now owns 2,943 shares of the insurance provider's stock valued at $598,000 after purchasing an additional 782 shares during the period. ORG Partners LLC increased its stake in Travelers Companies by 199.1% during the 2nd quarter. ORG Partners LLC now owns 1,026 shares of the insurance provider's stock worth $208,000 after buying an additional 683 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of Travelers Companies by 11.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 613 shares of the insurance provider's stock valued at $125,000 after acquiring an additional 65 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Travelers Companies by 1.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 20,443 shares of the insurance provider's stock valued at $4,157,000 after acquiring an additional 361 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $210,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Down 0.5 %

TRV stock traded down $1.26 during midday trading on Thursday, hitting $243.88. The company's stock had a trading volume of 1,470,777 shares, compared to its average volume of 1,310,663. The firm has a 50-day simple moving average of $252.61 and a 200-day simple moving average of $229.94. The firm has a market capitalization of $55.37 billion, a P/E ratio of 12.57, a PEG ratio of 1.19 and a beta of 0.63. 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 Travelers Companies, Inc. has a 52-week low of $181.03 and a 52-week 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. The firm had revenue of $11.90 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 EPS. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

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 paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies's dividend payout ratio is presently 21.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRV. 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 report on Thursday, November 21st. The Goldman Sachs Group boosted their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a "sell" rating in a research report on Tuesday, October 22nd. Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 21st. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Barclays upped their price target on Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $251.70.

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.