Quest Partners LLC Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Quest Partners LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 51.1% in the third quarter, Holdings Channel.com reports. The fund owned 1,737 shares of the insurance provider’s stock after selling 1,813 shares during the quarter. Quest Partners LLC’s holdings in Travelers Companies were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at 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 grew its position 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 worth $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.6 %

TRV opened at $262.47 on Monday. The Travelers Companies, Inc. has a one year low of $175.88 and a one year high of $269.55. The company has a market cap of $59.59 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.25 and a beta of 0.62. The business’s fifty day moving average is $246.83 and its two-hundred day moving average is $226.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued 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 net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the company earned $1.95 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 18.68 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price objective on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Barclays lifted their target price on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price target on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $251.15.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,409 shares of company stock worth $19,305,504. 1.33% of the stock is owned by insiders.

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.