The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 79.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,110 shares of the insurance provider’s stock after selling 15,579 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Travelers Companies were worth $962,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in shares of Travelers Companies in the second quarter worth $9,798,000. Orion Portfolio Solutions LLC grew its stake in shares of Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after acquiring an additional 4,665 shares in the last quarter. Kintegral Advisory LLC grew its stake in shares of Travelers Companies by 14.3% in the second quarter. Kintegral Advisory LLC now owns 12,189 shares of the insurance provider’s stock worth $2,479,000 after acquiring an additional 1,528 shares in the last quarter. LPL Financial LLC grew its stake in shares of Travelers Companies by 7.4% in the second quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock worth $36,099,000 after acquiring an additional 12,190 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Travelers Companies by 5.4% in the second quarter. TD Asset Management Inc now owns 264,320 shares of the insurance provider’s stock worth $53,747,000 after acquiring an additional 13,639 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on TRV shares. Royal Bank of Canada boosted their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. UBS Group boosted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday. Barclays upped their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $251.70.

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s 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 sale, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 in the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.5 %

Shares of Travelers Companies stock opened at $243.86 on Friday. The Travelers Companies, Inc. has a 12-month low of $181.03 and a 12-month high of $269.55. 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 stock has a market cap of $55.36 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.16 and a beta of 0.63. The company has a 50-day moving average of $252.61 and a two-hundred day moving average of $229.94.

Travelers Companies (NYSE:TRV) last issued its earnings results 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the company posted $1.95 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, research analysts anticipate that The Travelers Companies, Inc. will post 18.84 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid 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 dividend yield of 1.72%. Travelers Companies’s dividend payout ratio (DPR) 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.