The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,071 shares of the insurance provider’s stock after selling 440 shares during the period. Private Advisor Group LLC’s holdings in Travelers Companies were worth $5,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the 2nd quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at $35,000. Beacon Capital Management LLC lifted its stake in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of 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 purchasing an additional 45 shares during the period. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at $45,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,479 shares of company stock valued at $15,434,526 over the last 90 days. 1.33% of the stock is owned by insiders.

Travelers Companies Trading Down 2.3 %

Shares of TRV opened at $250.50 on Friday. 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 Travelers Companies, Inc. has a 12-month low of $159.89 and a 12-month high of $269.55. The firm has a 50-day moving average price of $236.19 and a 200 day moving average price of $220.59. The firm has a market capitalization of $57.36 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.28 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 18.24 EPS for the current 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 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 yield of 1.68%. Travelers Companies’s payout ratio is currently 31.20%.

Analysts Set New Price Targets

TRV has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Citigroup upped their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $247.90.

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.