Millennium Management LLC Trims Position in Travelers Companies Inc (NYSE:TRV)

Millennium Management LLC lessened its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 15.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,861 shares of the insurance provider’s stock after selling 27,414 shares during the quarter. Millennium Management LLC owned approximately 0.06% of Travelers Companies worth $23,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Travelers Companies by 0.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 45,261 shares of the insurance provider’s stock worth $6,767,000 after purchasing an additional 200 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Travelers Companies by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 1,536,731 shares of the insurance provider’s stock worth $229,772,000 after buying an additional 15,243 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Travelers Companies by 26.2% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 42,376 shares of the insurance provider’s stock worth $6,336,000 after buying an additional 8,800 shares during the period. Sequoia Financial Advisors LLC boosted its position in Travelers Companies by 9.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,452 shares of the insurance provider’s stock valued at $367,000 after acquiring an additional 205 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in Travelers Companies by 1.0% during the 3rd quarter. Synovus Financial Corp now owns 126,278 shares of the insurance provider’s stock valued at $18,765,000 after acquiring an additional 1,289 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Shares of NYSE TRV opened at $135.26 on Tuesday. The company has a 50 day simple moving average of $134.83 and a two-hundred day simple moving average of $144.95. Travelers Companies Inc has a fifty-two week low of $111.08 and a fifty-two week high of $155.09. The company has a market capitalization of $35.29 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, October 22nd. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $2.35 by ($0.92). The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.17 billion. Travelers Companies had a return on equity of 9.13% and a net margin of 7.57%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.54 earnings per share. On average, analysts forecast that Travelers Companies Inc will post 9.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Monday, December 9th. Travelers Companies’s payout ratio is 36.69%.

Several research analysts have recently issued reports on TRV shares. Bank of America lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $156.00 target price for the company. in a research report on Wednesday, September 18th. Morgan Stanley lowered their target price on Travelers Companies from $136.00 to $125.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank upgraded Travelers Companies from a “sell” rating to a “hold” rating and set a $140.00 price target on the stock in a research report on Tuesday, October 22nd. Barclays reduced their price target on Travelers Companies from $177.00 to $174.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, MKM Partners upgraded Travelers Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $160.00 in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $148.93.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,185 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $136.20, for a total value of $297,597.00. Following the sale, the insider now directly owns 241,930 shares of the company’s stock, valued at $32,950,866. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.

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.

Further Reading: Options Trading

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.