Nicolet Advisory Services LLC Sells 76 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Nicolet Advisory Services LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,344 shares of the insurance provider’s stock after selling 76 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Travelers Companies were worth $1,713,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TRV. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies during the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC bought a new position in Travelers Companies during the 1st quarter valued at approximately $35,000. Beacon Capital Management LLC raised its stake in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the third quarter worth $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.6 %

NYSE:TRV opened at $262.47 on Friday. The Travelers Companies, Inc. has a one year low of $175.88 and a one year high of $269.55. The business has a fifty day moving average price of $246.83 and a 200-day moving average price of $225.94. The firm has a market capitalization of $59.59 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the business posted $1.95 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 18.68 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared 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 1.60%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insiders Place Their Bets

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were 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 directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,409 shares of company stock worth $19,305,504 over the last three months. 1.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRV has been the subject of several recent analyst reports. Barclays lifted their price target on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. BMO Capital Markets boosted their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday. Finally, The Goldman Sachs Group lifted their target price on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $251.15.

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.