Y Intercept Hong Kong Ltd Sells 15,579 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Y Intercept Hong Kong Ltd lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 79.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,110 shares of the insurance provider's stock after selling 15,579 shares during the period. Y Intercept Hong Kong Ltd's holdings in Travelers Companies were worth $962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies in the second quarter valued at $25,000. Wolff Wiese Magana LLC lifted its position in Travelers Companies by 39.1% in 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 in the last quarter. True Wealth Design LLC acquired a new position in Travelers Companies during the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the third quarter worth approximately $50,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider's stock valued at $65,000 after purchasing an additional 50 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on TRV. Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research report on Thursday, October 17th. Hsbc Global Res raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Keefe, Bruyette & Woods upped 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 report on Tuesday, October 22nd. UBS Group lifted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their target price on Travelers Companies from $286.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $251.70.

Insider Activity

In other news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Performance

Shares of TRV stock traded up $2.42 during trading on Friday, reaching $246.30. 1,252,317 shares of the company's stock traded hands, compared to its average volume of 1,312,710. The Travelers Companies, Inc. has a 1 year low of $181.03 and a 1 year high of $269.55. The company has a market capitalization of $55.92 billion, a P/E ratio of 12.51, a PEG ratio of 1.16 and a beta of 0.63. 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 firm's 50-day moving average is $252.83 and its 200 day moving average is $230.03.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the company earned $1.95 earnings per share. The business's revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed 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 of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.71%. Travelers Companies's dividend payout ratio (DPR) is currently 21.54%.

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.