The Travelers Companies, Inc. (NYSE:TRV) Position Decreased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 111,868 shares of the insurance provider’s stock after selling 2,348 shares during the period. Braun Stacey Associates Inc.’s holdings in Travelers Companies were worth $26,191,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Y.D. More Investments Ltd purchased a new stake in Travelers Companies during the second quarter valued at about $25,000. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies in the first quarter worth approximately $35,000. Beacon Capital Management LLC lifted its position in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Travelers Companies by 39.1% in 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 in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Travelers Companies during the third quarter valued at approximately $50,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TRV. BMO Capital Markets raised 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price target on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $247.90.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction 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. The trade was a 1.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock valued at $16,580,166 over the last ninety days. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Up 1.7 %

Shares of TRV stock opened at $260.82 on Monday. The stock has a market cap of $59.21 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $169.18 and a one year high of $269.55. The stock has a fifty day moving average price of $244.44 and a 200 day moving average price of $224.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

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, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $1.95 earnings per share. Analysts predict that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio is 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.