Investors Research Corp Trims Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Investors Research Corp decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 17.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,379 shares of the insurance provider’s stock after selling 293 shares during the quarter. Investors Research Corp’s holdings in Travelers Companies were worth $323,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies during the second quarter valued at $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at about $35,000. Beacon Capital Management LLC lifted its holdings in Travelers Companies by 74.2% during the first 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 in the last quarter. Wolff Wiese Magana LLC boosted its holdings in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the third quarter worth about $50,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total value of $2,561,700.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $5,840,163.66. The trade was a 30.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,409 shares of company stock valued at $19,305,504 in the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Bank of America lifted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. UBS Group increased their price target on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research note on Thursday. Finally, Royal Bank of Canada upped their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $251.15.

Travelers Companies Price Performance

NYSE:TRV traded down $1.69 during mid-day trading on Thursday, hitting $255.50. 60,095 shares of the company’s stock traded hands, compared to its average volume of 1,296,104. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $58.00 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The firm’s 50 day simple moving average is $245.79 and its 200 day simple moving average is $225.37. The Travelers Companies, Inc. has a 1 year low of $174.60 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results 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 the consensus estimate of $11.46 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Travelers Companies 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.