Unigestion Holding SA Decreases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Unigestion Holding SA lowered its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 95.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,758 shares of the insurance provider's stock after selling 33,812 shares during the period. Unigestion Holding SA's holdings in Travelers Companies were worth $412,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in Travelers Companies in the second quarter valued at approximately $9,798,000. Orion Portfolio Solutions LLC grew its holdings in Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock worth $4,248,000 after purchasing an additional 4,665 shares during the period. Kintegral Advisory LLC increased its stake in Travelers Companies by 14.3% in the second quarter. Kintegral Advisory LLC now owns 12,189 shares of the insurance provider's stock valued at $2,479,000 after purchasing an additional 1,528 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Travelers Companies by 7.4% during the second quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider's stock valued at $36,099,000 after purchasing an additional 12,190 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of Travelers Companies by 5.4% during the 2nd quarter. TD Asset Management Inc now owns 264,320 shares of the insurance provider's stock worth $53,747,000 after purchasing an additional 13,639 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 over the last ninety days. Company insiders own 1.33% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV stock traded down $1.28 during trading hours on Thursday, hitting $243.86. 1,968,638 shares of the company were exchanged, compared to its average volume of 1,312,746. The firm has a fifty day simple moving average of $252.61 and a 200 day simple moving average of $229.94. The Travelers Companies, Inc. has a 52-week low of $181.03 and a 52-week high of $269.55. The stock has a market capitalization of $55.36 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.19 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.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $1.95 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. 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 payout ratio is presently 21.54%.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research reports. Hsbc Global Res raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. BMO Capital Markets upped their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. HSBC raised shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research report on Tuesday. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Finally, UBS Group lifted their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.