Wellington Management Group LLP Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Wellington Management Group LLP cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 60.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,473 shares of the insurance provider's stock after selling 23,334 shares during the quarter. Wellington Management Group LLP's holdings in Travelers Companies were worth $3,623,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TRV. Sanctuary Advisors LLC bought a new stake in shares of Travelers Companies in the second quarter valued at approximately $9,798,000. Kintegral Advisory LLC lifted its position in shares of Travelers Companies by 14.3% during the 2nd quarter. Kintegral Advisory LLC now owns 12,189 shares of the insurance provider's stock valued at $2,479,000 after acquiring an additional 1,528 shares during the period. LPL Financial LLC grew its holdings in shares of Travelers Companies by 7.4% during the 2nd quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider's stock worth $36,099,000 after purchasing an additional 12,190 shares in the last quarter. TD Asset Management Inc raised its stake in Travelers Companies by 5.4% in the second quarter. TD Asset Management Inc now owns 264,320 shares of the insurance provider's stock valued at $53,747,000 after purchasing an additional 13,639 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter worth about $50,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Down 3.1 %

TRV stock traded down $7.61 during midday trading on Wednesday, hitting $236.03. The stock had a trading volume of 1,572,647 shares, compared to its average volume of 1,314,247. 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 has a market cap of $53.58 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The business has a fifty day moving average price of $253.79 and a two-hundred day moving average price of $231.02. The Travelers Companies, Inc. has a 1-year low of $182.59 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 18.84 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, December 10th. Travelers Companies's payout ratio is 21.54%.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now owns 250,384 shares of the company's stock, valued at $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction on Monday, October 21st. The shares were 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 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. Company insiders own 1.33% of the company's stock.

Wall Street Analyst Weigh In

TRV has been the subject of several analyst reports. Wells Fargo & Company restated an "underweight" rating and issued a $217.00 target price (down from $256.00) on shares of Travelers Companies in a research report on Wednesday, December 11th. UBS Group boosted their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. HSBC raised Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets raised their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average 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.