Y Intercept Hong Kong Ltd Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Y Intercept Hong Kong Ltd decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 79.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,110 shares of the insurance provider’s stock after selling 15,579 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Travelers Companies were worth $962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC increased its position in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth about $41,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth about $50,000. Finally, Salomon & Ludwin LLC increased its position in shares of Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $243.86 on Friday. The company’s 50 day moving average price is $252.61 and its 200 day moving average price is $229.94. The Travelers Companies, Inc. has a 52 week low of $181.03 and a 52 week high of $269.55. The company has a market capitalization of $55.36 billion, a PE ratio of 12.51, a PEG ratio of 1.16 and a beta of 0.63. 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 announced its quarterly earnings data 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 the consensus estimate of $11.46 billion. During the same period in the previous year, the firm posted $1.95 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Research analysts expect that The Travelers Companies, Inc. will post 18.84 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is 21.54%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TRV shares. Roth Mkm lifted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Barclays boosted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $251.70.

Insiders Place Their Bets

In related news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 over the last ninety days. Corporate insiders own 1.33% of the company’s stock.

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.