Mn Services Vermogensbeheer B.V. Sells 1,300 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mn Services Vermogensbeheer B.V. reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,447 shares of the insurance provider’s stock after selling 1,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Travelers Companies were worth $20,707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after purchasing an additional 35,560 shares during the last quarter. GAMMA Investing LLC lifted its stake in Travelers Companies by 162.6% during the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after purchasing an additional 3,050 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Travelers Companies during the second quarter worth $17,303,000. Cetera Advisors LLC lifted its stake in Travelers Companies by 75.3% during the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after purchasing an additional 4,724 shares during the last quarter. Finally, Swedbank AB bought a new stake in Travelers Companies during the first quarter worth $26,618,000. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock worth $16,580,166 in the last three months. Company insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $242.81 on Tuesday. The Travelers Companies, Inc. has a fifty-two week low of $167.08 and a fifty-two week high of $269.55. The company has a 50 day simple moving average of $239.59 and a two-hundred day simple moving average of $221.83. The company has a market capitalization of $55.12 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 1.18 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 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 firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the company posted $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 18.53 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared 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. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 21.54%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRV shares. 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 research note on Friday, October 18th. Morgan Stanley dropped their price target on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and dropped their price target for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $247.90.

Travelers Companies 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.