The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 52.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 87,653 shares of the insurance provider's stock after selling 95,107 shares during the quarter. Applied Finance Capital Management LLC's holdings in Travelers Companies were worth $20,521,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider's stock worth $2,702,588,000 after buying an additional 3,158,979 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Travelers Companies by 356.4% during the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock worth $176,589,000 after acquiring an additional 678,241 shares during the period. International Assets Investment Management LLC raised its position in Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock worth $121,811,000 after acquiring an additional 518,075 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Travelers Companies in the first quarter valued at $88,190,000. Finally, Renaissance Technologies LLC boosted its position in shares of Travelers Companies by 324.9% during the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider's stock worth $61,324,000 after purchasing an additional 230,612 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. Bank of America increased their price target 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. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Piper Sandler lowered their price target on Travelers Companies from $213.00 to $207.00 and set a "neutral" rating on the stock in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group upped their target price on Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $247.90.

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on 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 approximately $57,726,870.88. This trade represents a 0.00 % 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. In other news, EVP Andy F. Bessette sold 4,520 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,999 shares of company stock worth $16,580,166 in the last ninety days. Insiders own 1.33% of the company's stock.

Travelers Companies Trading Up 1.8 %

NYSE:TRV traded up $4.61 during mid-day trading on Friday, reaching $256.89. The company's stock had a trading volume of 1,333,510 shares, compared to its average volume of 1,310,623. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $58.32 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.22 and a beta of 0.62. The company's fifty day simple moving average is $241.70 and its two-hundred day simple moving average is $222.78. The Travelers Companies, Inc. has a twelve month low of $167.08 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 earnings per share (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 business had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. During the same period last year, the company earned $1.95 earnings per share. The company's quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts predict that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. Travelers Companies's dividend payout ratio is presently 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.