Chevy Chase Trust Holdings LLC Sells 2,813 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,760 shares of the insurance provider’s stock after selling 2,813 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Travelers Companies worth $28,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TRV. FMR LLC lifted its stake in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Travelers Companies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after acquiring an additional 37,029 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Travelers Companies by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after acquiring an additional 10,285 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Travelers Companies by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock worth $233,769,000 after acquiring an additional 85,619 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.0 %

TRV opened at $263.50 on Tuesday. The company has a market cap of $59.82 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.26 and a beta of 0.63. The company has a fifty day moving average price of $249.31 and a two-hundred day moving average price of $227.74. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $180.44 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last posted 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. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 EPS. Analysts predict that The Travelers Companies, Inc. will post 18.83 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. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction 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 approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group lifted their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Roth Mkm lifted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. UBS Group upped their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.