Citigroup Inc. Sells 51,137 Shares of The Travelers Companies, Inc. $TRV

Citigroup Inc. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 14.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 310,191 shares of the insurance provider’s stock after selling 51,137 shares during the period. Citigroup Inc. owned about 0.14% of Travelers Companies worth $82,988,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TRV. Valeo Financial Advisors LLC raised its stake in Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares during the period. Nuveen LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at $294,755,000. Bahl & Gaynor Inc. lifted its stake in shares of Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after buying an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Travelers Companies by 86.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after buying an additional 342,666 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Up 0.9%

Shares of NYSE:TRV opened at $287.14 on Wednesday. The firm has a market capitalization of $64.05 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The business has a 50 day simple moving average of $275.75 and a two-hundred day simple moving average of $269.99. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $290.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the company earned $5.24 EPS. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 1.5%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRV. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. UBS Group upped their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Barclays set a $313.00 price objective on Travelers Companies in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $291.94.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,803 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $289.55, for a total transaction of $522,058.65. Following the completion of the transaction, the insider directly owned 255,086 shares in the company, valued at $73,860,151.30. This represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 54,195 shares of company stock valued at $15,042,229 over the last ninety days. Company insiders own 1.46% of the company’s stock.

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.