Slow Capital Inc. Has $3.77 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Slow Capital Inc. lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,081 shares of the insurance provider’s stock after selling 765 shares during the period. Slow Capital Inc.’s holdings in Travelers Companies were worth $3,765,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies during the 1st quarter worth about $35,000. Beacon Capital Management LLC lifted its position in shares of 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 purchasing an additional 66 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Travelers Companies in the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.2 %

NYSE TRV opened at $265.45 on Friday. The firm has a market cap of $60.50 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $269.55. The stock’s 50 day simple moving average is $231.88 and its 200 day simple moving average is $219.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted 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 return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the business earned $1.95 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.09 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 Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is 26.55%.

Analysts Set New Price Targets

Several research firms have commented on TRV. The Goldman Sachs Group upped their price target on Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a report on Wednesday, October 9th. Barclays began coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price target for the company. Citigroup upped their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Morgan Stanley cut their price target on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and cut their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $235.42.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.

About Travelers Companies

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.