Mutual of America Capital Management LLC Sells 385 Shares of The Travelers Companies, Inc. $TRV

Mutual of America Capital Management LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.5% during the 2nd quarter, Holdings Channel reports. The fund owned 25,983 shares of the insurance provider’s stock after selling 385 shares during the period. Mutual of America Capital Management LLC’s holdings in Travelers Companies were worth $6,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new stake in Travelers Companies in the 4th quarter valued at $276,000. GAMMA Investing LLC increased its holdings in Travelers Companies by 18.1% in the 1st quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider’s stock valued at $2,203,000 after acquiring an additional 1,277 shares during the last quarter. Advisor Resource Council bought a new stake in Travelers Companies in the 1st quarter valued at $245,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Travelers Companies by 11.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,725 shares of the insurance provider’s stock worth $7,068,000 after buying an additional 2,680 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research note on Friday. Finally, Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $291.31.

Insiders Place Their Bets

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 1.1%

NYSE TRV opened at $265.02 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market cap of $59.12 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 2.51 and a beta of 0.51. The company has a 50 day moving average price of $273.95 and a 200 day moving average price of $266.49. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The firm had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. Travelers Companies’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.24 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is currently 17.30%.

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.