The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 26.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,676 shares of the insurance provider’s stock after selling 1,709 shares during the period. Banque Cantonale Vaudoise’s holdings in Travelers Companies were worth $1,095,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TRV. Quent Capital LLC increased its position in shares of Travelers Companies by 19.7% during the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after acquiring an additional 226 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $235,000. Bessemer Group Inc. grew its holdings in shares of Travelers Companies by 67.2% in the first quarter. Bessemer Group Inc. now owns 16,201 shares of the insurance provider’s stock valued at $3,729,000 after purchasing an additional 6,513 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $82,000. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Travelers Companies by 27.8% in the first quarter. Axxcess Wealth Management LLC now owns 5,463 shares of the insurance provider’s stock valued at $1,257,000 after purchasing an additional 1,189 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Bank of America lifted their price objective 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. Jefferies Financial Group lifted their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Monday. Finally, UBS Group boosted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $247.90.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,409 shares of company stock valued at $19,305,504 in the last ninety days. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 0.8 %

Shares of Travelers Companies stock opened at $257.12 on Thursday. The company has a market cap of $58.37 billion, a P/E ratio of 13.19, a PEG ratio of 1.25 and a beta of 0.62. 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 Travelers Companies, Inc. has a one year low of $172.38 and a one year high of $269.55. The firm has a fifty day moving average of $245.79 and a two-hundred day moving average of $225.37.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.63%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

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.