Banque Cantonale Vaudoise Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Banque Cantonale Vaudoise reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 26.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,676 shares of the insurance provider’s stock after selling 1,709 shares during the period. Banque Cantonale Vaudoise’s holdings in Travelers Companies were worth $1,095,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after buying an additional 165,708 shares during the period. Legal & General Group Plc raised its holdings in Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after buying an additional 37,029 shares during the period. Boston Partners raised its holdings in Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after buying an additional 196,011 shares during the period. AQR Capital Management LLC raised its holdings in Travelers Companies by 8.0% in the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after buying an additional 85,619 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Travelers Companies by 1.3% in the second quarter. Hsbc Holdings PLC now owns 1,112,547 shares of the insurance provider’s stock valued at $226,307,000 after buying an additional 14,764 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This represents a 21.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’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 transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,409 shares of company stock worth $19,305,504 in the last 90 days. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Royal Bank of Canada increased their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Barclays increased their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $247.90.

Travelers Companies Trading Down 0.8 %

Shares of TRV opened at $257.12 on Thursday. The business’s 50-day moving average price is $245.79 and its 200 day moving average price is $225.37. The stock has a market capitalization of $58.37 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $172.38 and a 1-year high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued 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 firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. Analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced 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 is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. Travelers Companies’s dividend payout ratio is 21.54%.

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.