Citizens Financial Group Inc. RI Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

Citizens Financial Group Inc. RI reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,943 shares of the insurance provider’s stock after selling 461 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Travelers Companies were worth $9,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies during the first quarter valued at about $35,000. Beacon Capital Management LLC raised its position 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 lifted its stake in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies in the 3rd quarter worth about $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on 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 sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,409 shares of company stock worth $19,305,504. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research reports. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company raised their price target on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Barclays upped their price target 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. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday. Finally, BMO Capital Markets boosted their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $247.90.

Travelers Companies Trading Down 0.8 %

Shares of NYSE:TRV opened at $257.12 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 1 year low of $172.38 and a 1 year high of $269.55. The company has a market cap of $58.37 billion, a P/E ratio of 13.19, a PEG ratio of 1.24 and a beta of 0.62. The stock’s fifty day moving average price is $245.79 and its 200-day moving average price is $225.37.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the business earned $1.95 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 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.