Palisade Asset Management LLC Has $6.26 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Palisade Asset Management LLC lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,725 shares of the insurance provider’s stock after buying an additional 91 shares during the period. Palisade Asset Management LLC’s holdings in Travelers Companies were worth $6,257,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies during the second quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies during the 1st quarter worth approximately $35,000. Beacon Capital Management LLC raised its holdings in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the period. Wolff Wiese Magana LLC lifted its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 74,409 shares of company stock worth $19,305,504 in the last 90 days. Company insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $262.47 on Friday. The company’s 50-day moving average is $246.83 and its 200-day moving average is $225.94. 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 firm has a market capitalization of $59.59 billion, a PE ratio of 13.46, a PEG ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $175.88 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the business posted $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 18.68 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. 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. Royal Bank of Canada upped their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday. UBS Group boosted their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. Four 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $251.15.

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.