The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Point72 Europe London LLP

Point72 Europe London LLP reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 66.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,600 shares of the insurance provider’s stock after selling 20,600 shares during the period. Point72 Europe London LLP’s holdings in Travelers Companies were worth $2,482,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Travelers Companies by 83.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 374,205 shares of the insurance provider’s stock worth $87,609,000 after buying an additional 170,705 shares during the last quarter. Captrust Financial Advisors grew its position in Travelers Companies by 3.2% in the third quarter. Captrust Financial Advisors now owns 31,229 shares of the insurance provider’s stock worth $7,311,000 after acquiring an additional 965 shares during the period. Providence Wealth Advisors LLC increased its stake in Travelers Companies by 2.2% during the third quarter. Providence Wealth Advisors LLC now owns 4,805 shares of the insurance provider’s stock worth $1,234,000 after acquiring an additional 105 shares during the last quarter. Northwest & Ethical Investments L.P. raised its position in Travelers Companies by 2.1% in 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 purchasing an additional 808 shares during the period. Finally, Vinva Investment Management Ltd lifted its stake in shares of Travelers Companies by 6.9% in the 3rd quarter. Vinva Investment Management Ltd now owns 12,687 shares of the insurance provider’s stock valued at $2,996,000 after purchasing an additional 815 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TRV shares. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. UBS Group upped their price objective 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. Barclays lifted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group raised their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $251.15.

Insider Transactions at Travelers Companies

In other news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. The trade was a 69.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $65,099,840. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by insiders.

Travelers Companies Price Performance

Shares of TRV opened at $266.04 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $249.31 and its 200-day simple moving average is $227.58. The firm has a market capitalization of $60.40 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $177.61 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company 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 business earned $1.95 EPS. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal 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 issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. Travelers Companies’s payout ratio is currently 21.54%.

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.