The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Whittier Trust Co.

by · The Cerbat Gem

Whittier Trust Co. cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,517 shares of the insurance provider’s stock after selling 1,606 shares during the quarter. Whittier Trust Co.’s holdings in Travelers Companies were worth $13,232,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TRV. Nordea Investment Management AB lifted its position in Travelers Companies by 38.7% during the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after acquiring an additional 95,451 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after purchasing an additional 35,560 shares during the last quarter. Wellington Management Group LLP grew its stake in Travelers Companies by 100.9% during the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after buying an additional 25,575 shares during the last quarter. GAMMA Investing LLC increased its position in Travelers Companies by 162.6% in the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after buying an additional 3,050 shares during the period. Finally, Diversified Trust Co lifted its stake in Travelers Companies by 145.5% in the first quarter. Diversified Trust Co now owns 16,013 shares of the insurance provider’s stock valued at $3,685,000 after buying an additional 9,491 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 2.3 %

Shares of Travelers Companies stock traded down $6.00 during trading on Monday, hitting $259.45. 789,044 shares of the stock traded hands, compared to its average volume of 1,316,590. The stock has a market cap of $59.14 billion, a P/E ratio of 13.29, a PEG ratio of 1.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.34. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $269.55. The company has a fifty day moving average price of $231.88 and a two-hundred day moving average price of $219.52.

Travelers Companies (NYSE:TRV – Get Free Report) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the company earned $1.95 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 17.45 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Analyst Ratings Changes

Several analysts have weighed in on TRV shares. Wells Fargo & Company lifted their target price on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday. Royal Bank of Canada raised their target price on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday. Morgan Stanley dropped their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $241.16.

View Our Latest Stock Report on TRV

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Profile

(Free Report)

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.

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