Nwam LLC Cuts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Nwam LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,746 shares of the insurance provider’s stock after selling 86 shares during the period. Nwam LLC’s holdings in Travelers Companies were worth $409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRV. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies during the second quarter worth about $25,000. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $35,000. Beacon Capital Management LLC raised its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Travelers Companies by 39.1% during 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. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies during the third quarter worth $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRV. Deutsche Bank Aktiengesellschaft lifted their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Barclays upped their price target on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Citigroup upped their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $262.47 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $59.59 billion, a PE ratio of 13.46, a P/E/G ratio of 1.24 and a beta of 0.62. The stock has a fifty day moving average price of $246.83 and a 200 day moving average price of $226.06. The Travelers Companies, Inc. has a 1-year low of $175.88 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate 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 net margin of 10.02% and a return on equity of 17.69%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 18.83 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Activity

In related news, 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 value of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’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 $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,409 shares of company stock valued at $19,305,504 in the last three months. 1.33% of the stock is currently owned by company insiders.

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.