The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Tradition Wealth Management LLC

Tradition Wealth Management LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.8% during the third quarter, HoldingsChannel reports. The fund owned 3,389 shares of the insurance provider’s stock after selling 63 shares during the quarter. Tradition Wealth Management LLC’s holdings in Travelers Companies were worth $794,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TRV. Cetera Investment Advisers grew its stake in shares of Travelers Companies by 356.3% during the 1st 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 period. Manning & Napier Advisors LLC purchased a new position in Travelers Companies in the second quarter valued at about $17,303,000. Cetera Advisors LLC increased its holdings in Travelers Companies by 75.3% in the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after buying an additional 4,724 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $9,798,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Travelers Companies by 9.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 144,889 shares of the insurance provider’s stock worth $29,462,000 after acquiring an additional 12,161 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 0.2 %

Shares of TRV stock opened at $266.04 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $177.61 and a fifty-two week high of $269.55. The firm’s 50 day moving average price is $249.31 and its two-hundred day moving average price is $227.74. The stock has a market cap of $60.40 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the company earned $1.95 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. On average, analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insiders Place Their Bets

In related news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’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 transaction, 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 a total of 78,149 shares of company stock worth $20,295,856 in the last 90 days. 1.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRV. Royal Bank of Canada boosted their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Barclays boosted their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Bank of America lifted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, BMO Capital Markets lifted their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $251.15.

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.