Travelers Companies Inc (NYSE:TRV) Stock Position Decreased by Rational Advisors LLC

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Rational Advisors LLC cut its stake in shares of Travelers Companies Inc (NYSE:TRV) by 29.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,618 shares of the insurance provider’s stock after selling 4,468 shares during the quarter. Rational Advisors LLC’s holdings in Travelers Companies were worth $1,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its holdings in Travelers Companies by 4.1% in the second quarter. Private Trust Co. NA now owns 3,545 shares of the insurance provider’s stock worth $530,000 after purchasing an additional 138 shares in the last quarter. Fulton Bank N.A. raised its holdings in Travelers Companies by 33.4% in the second quarter. Fulton Bank N.A. now owns 9,774 shares of the insurance provider’s stock worth $1,462,000 after purchasing an additional 2,445 shares in the last quarter. Douglas Lane & Associates LLC raised its holdings in Travelers Companies by 6.5% in the second quarter. Douglas Lane & Associates LLC now owns 2,080 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 127 shares in the last quarter. KAMES CAPITAL plc raised its holdings in Travelers Companies by 92.8% in the second quarter. KAMES CAPITAL plc now owns 14,455 shares of the insurance provider’s stock worth $2,161,000 after purchasing an additional 6,956 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Travelers Companies by 3.3% in the second quarter. Crossmark Global Holdings Inc. now owns 26,286 shares of the insurance provider’s stock worth $3,930,000 after purchasing an additional 835 shares in the last quarter. 82.10% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. Credit Suisse Group reduced their target price on shares of Travelers Companies from $141.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada boosted their target price on shares of Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Argus reduced their target price on shares of Travelers Companies to $145.00 in a report on Thursday, October 24th. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Evercore ISI started coverage on shares of Travelers Companies in a report on Thursday, October 17th. They issued an “underperform” rating and a $128.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and a consensus price target of $147.93.

In related news, EVP Andy F. Bessette sold 11,650 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $146.85, for a total value of $1,710,802.50. Following the sale, the executive vice president now owns 21,259 shares in the company, valued at $3,121,884.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Jay S. Benet sold 21,972 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $146.59, for a total value of $3,220,875.48. Following the completion of the sale, the insider now owns 94,588 shares in the company, valued at approximately $13,865,654.92. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Shares of TRV traded up $0.78 during mid-day trading on Wednesday, hitting $134.13. 1,072,911 shares of the company traded hands, compared to its average volume of 1,309,919. Travelers Companies Inc has a 1-year low of $111.08 and a 1-year high of $155.09. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $34.40 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90. The business has a 50 day moving average of $138.44 and a 200 day moving average of $145.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.35 by ($0.92). Travelers Companies had a net margin of 7.57% and a return on equity of 9.13%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same quarter last year, the company earned $2.54 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, research analysts expect that Travelers Companies Inc will post 9.76 EPS for the current fiscal year.

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 issued a dividend of $0.82 per share. The ex-dividend date is Monday, December 9th. This represents a $3.28 annualized dividend and a dividend yield of 2.45%. Travelers Companies’s dividend payout ratio (DPR) is currently 36.69%.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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