Icon Wealth Advisors LLC Sells 143 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Icon Wealth Advisors LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,976 shares of the insurance provider’s stock after selling 143 shares during the period. Icon Wealth Advisors LLC’s holdings in Travelers Companies were worth $2,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Providence Wealth Advisors LLC boosted its stake in shares of Travelers Companies by 2.2% in the 3rd quarter. Providence Wealth Advisors LLC now owns 4,805 shares of the insurance provider’s stock worth $1,234,000 after buying an additional 105 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in Travelers Companies by 2.1% during the third quarter. Northwest & Ethical Investments L.P. now owns 39,195 shares of the insurance provider’s stock valued at $9,176,000 after acquiring an additional 808 shares during the period. Vinva Investment Management Ltd raised its holdings in Travelers Companies by 6.9% during the third quarter. Vinva Investment Management Ltd now owns 12,687 shares of the insurance provider’s stock valued at $2,996,000 after acquiring an additional 815 shares during the period. Financial Counselors Inc. raised its holdings in Travelers Companies by 1.1% during the third quarter. Financial Counselors Inc. now owns 98,524 shares of the insurance provider’s stock valued at $23,066,000 after acquiring an additional 1,032 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in Travelers Companies by 2.1% during the third quarter. Public Sector Pension Investment Board now owns 39,630 shares of the insurance provider’s stock valued at $9,278,000 after acquiring an additional 800 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,149 shares of company stock worth $20,295,856. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $266.66 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $248.76 and a two-hundred day simple moving average of $227.23. The company has a market cap of $60.54 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a 52 week low of $175.88 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results 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 firm 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%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.95 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 1.58%. Travelers Companies’s payout ratio is currently 21.54%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on 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. Roth Mkm increased their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Barclays increased their target price on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research report on Tuesday, October 22nd. Four 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $251.15.

About Travelers Companies

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.