The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Point72 Europe London LLP

Point72 Europe London LLP decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 66.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,600 shares of the insurance provider’s stock after selling 20,600 shares during the period. Point72 Europe London LLP’s holdings in Travelers Companies were worth $2,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers grew its stake in shares of Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after purchasing an additional 35,560 shares during the last quarter. GAMMA Investing LLC increased its stake in Travelers Companies by 162.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after buying an additional 3,050 shares during the period. Manning & Napier Advisors LLC purchased a new position in Travelers Companies during the 2nd quarter worth $17,303,000. Cetera Advisors LLC lifted its stake in shares of Travelers Companies by 75.3% in the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after acquiring an additional 4,724 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Travelers Companies in the second quarter valued at about $9,798,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.2 %

Shares of NYSE TRV opened at $266.04 on Friday. The firm’s 50 day moving average price is $249.31 and its 200 day moving average price is $227.58. 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 firm has a market cap of $60.40 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $177.61 and a 1 year 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, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share 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 of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Analysts Set New Price Targets

Several research analysts recently issued reports on TRV shares. BMO Capital Markets increased their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Jefferies Financial Group increased their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays boosted their target price 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. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Four 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 stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $251.15.

Insiders Place Their Bets

In related news, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This represents a 69.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were 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 in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock valued at $20,295,856 over the last quarter. Company insiders own 1.33% of the company’s stock.

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.