The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,040 shares of the insurance provider’s stock after selling 547 shares during the quarter. Vontobel Holding Ltd.’s holdings in Travelers Companies were worth $16,398,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TRV. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies in the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC raised its holdings in shares of 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. Opal Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the first quarter worth approximately $42,000. Finally, Tributary Capital Management LLC bought a new position in Travelers Companies in the 1st quarter worth approximately $45,000. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.33% of the stock is currently owned by insiders.

Travelers Companies Trading Up 0.9 %

Shares of TRV opened at $242.97 on Thursday. The business’s 50-day moving average price is $229.76 and its 200 day moving average price is $219.07. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $55.64 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $243.79.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 17.08 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies’s payout ratio is currently 31.20%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Piper Sandler cut their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group upped their price objective on shares of Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $231.63.

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.