The Travelers Companies, Inc. $TRV Stock Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 162,474 shares of the insurance provider’s stock after selling 6,180 shares during the quarter. Pictet Asset Management Holding SA owned about 0.08% of Travelers Companies worth $57,926,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Travelers Companies during the second quarter worth about $6,915,909,000. Dimensional Fund Advisors LP increased its holdings in Travelers Companies by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after buying an additional 123,564 shares during the period. Bank of America Corp DE bought a new position in Travelers Companies in the 2nd quarter valued at about $932,142,000. GQG Partners LLC acquired a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $789,024,000. Finally, First Trust Advisors LP raised its position in shares of Travelers Companies by 7.2% in the 1st quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock valued at $497,431,000 after buying an additional 115,276 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $395.06 on Tuesday. The Travelers Companies, Inc. has a one year low of $268.00 and a one year high of $418.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $80.97 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 2.83 and a beta of 0.40. The firm has a 50 day simple moving average of $378.16 and a 200 day simple moving average of $333.38.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. The firm had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.14 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 36.27 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s payout ratio is currently 13.11%.

Insiders Place Their Bets

In other Travelers Companies news, CEO Alan Schnitzer sold 88,900 shares of the company’s stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $396.77, for a total value of $35,272,853.00. Following the completion of the transaction, the chief executive officer owned 303,124 shares of the company’s stock, valued at $120,270,509.48. This represents a 22.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mojgan Lefebvre sold 11,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total value of $4,332,240.00. Following the sale, the executive vice president directly owned 11,000 shares in the company, valued at $4,332,240. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 195,287 shares of company stock worth $77,818,050. Company insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TRV shares. Cantor Fitzgerald boosted their price objective on shares of Travelers Companies from $378.00 to $397.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Friday, October 16th. Argus boosted their price target on Travelers Companies from $330.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley upped their price objective on Travelers Companies from $330.00 to $350.00 and gave the stock an “underweight” rating in a research report on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $384.00 price objective (up from $363.00) on shares of Travelers Companies in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $370.83.

Travelers Companies Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.