The Travelers Companies, Inc. $TRV Stock: Trillium Asset Management LLC Trims Stake

Trillium Asset Management LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,572 shares of the insurance provider’s stock after selling 9,400 shares during the quarter. Travelers Companies comprises approximately 1.0% of Trillium Asset Management LLC’s holdings, making the stock its 23rd largest holding. Trillium Asset Management LLC’s holdings in Travelers Companies were worth $30,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Travelers Companies in the second quarter worth about $6,915,909,000. Dimensional Fund Advisors LP grew its holdings in Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after buying an additional 123,564 shares in the last quarter. Bank of America Corp DE bought a new stake in Travelers Companies in the 2nd quarter worth approximately $932,142,000. GQG Partners LLC bought a new stake in Travelers Companies in the 2nd quarter worth approximately $789,024,000. Finally, First Trust Advisors LP raised its holdings in shares of Travelers Companies by 7.2% during the 1st quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock worth $497,431,000 after acquiring an additional 115,276 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRV shares. Weiss Ratings upgraded Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a research report on Friday, October 9th. Morgan Stanley boosted their price target on shares of Travelers Companies from $330.00 to $350.00 and gave the stock an “underweight” rating in a research report on Friday, October 23rd. Barclays upped their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $352.00 to $379.00 and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Finally, Argus increased their price objective on shares of Travelers Companies from $330.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $370.83.

Travelers Companies Stock Down 0.1%

Shares of NYSE TRV traded down $0.50 during trading hours on Friday, hitting $402.68. 1,373,492 shares of the stock were exchanged, compared to its average volume of 1,652,948. The company has a market cap of $82.53 billion, a PE ratio of 10.56, a PEG ratio of 2.79 and a beta of 0.40. The Travelers Companies, Inc. has a 12 month low of $268.00 and a 12 month high of $418.00. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $380.88 and a 200-day moving average price of $335.82.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $11.36 billion. During the same period in the prior year, the firm posted $8.14 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 36.27 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. Travelers Companies’s payout ratio is presently 13.11%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP David Rowland sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $405.62, for a total transaction of $2,028,100.00. Following the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $4,250,491.98. The trade was a 32.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Olivo sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the transaction, the executive vice president owned 88,642 shares in the company, valued at $36,077,294. The trade was a 14.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 195,287 shares of company stock valued at $77,818,050. Insiders own 1.39% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.