Investors Research Corp Has $323,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Investors Research Corp decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 17.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,379 shares of the insurance provider’s stock after selling 293 shares during the period. Investors Research Corp’s holdings in Travelers Companies were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TRV. Charles Schwab Investment Management Inc. grew its stake in shares of Travelers Companies by 0.7% in 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 buying an additional 10,285 shares in the last quarter. Smithfield Trust Co increased its position in Travelers Companies by 5.0% in the 3rd quarter. Smithfield Trust Co now owns 3,709 shares of the insurance provider’s stock worth $867,000 after buying an additional 177 shares during the period. Intech Investment Management LLC boosted its position in shares of Travelers Companies by 20.2% in the third quarter. Intech Investment Management LLC now owns 49,335 shares of the insurance provider’s stock valued at $11,550,000 after acquiring an additional 8,282 shares during the period. Cornerstone Advisors LLC increased its position in Travelers Companies by 46.0% during the third quarter. Cornerstone Advisors LLC now owns 9,200 shares of the insurance provider’s stock worth $2,154,000 after acquiring an additional 2,900 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in Travelers Companies by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 7,833 shares of the insurance provider’s stock valued at $1,834,000 after purchasing an additional 133 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 0.7 %

Shares of TRV stock traded down $1.69 during mid-day trading on Thursday, hitting $255.50. The company’s stock had a trading volume of 60,095 shares, compared to its average volume of 1,296,104. The company has a market cap of $58.00 billion, a PE ratio of 13.19, a P/E/G ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company’s fifty day simple moving average is $245.79 and its 200-day simple moving average is $225.37. The Travelers Companies, Inc. has a 52 week low of $174.60 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the firm posted $1.95 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $5,840,163.66. This represents a 30.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 74,409 shares of company stock valued at $19,305,504 in the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRV. Deutsche Bank Aktiengesellschaft boosted their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Bank of America upped their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Financial Group upped their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Citigroup increased their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $251.15.

Travelers Companies Company 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.