Pathstone Holdings LLC Decreases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Pathstone Holdings LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 53,436 shares of the insurance provider’s stock after selling 10,019 shares during the quarter. Pathstone Holdings LLC’s holdings in Travelers Companies were worth $12,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies during the 2nd quarter worth $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC lifted its stake in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in 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 buying an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the 3rd quarter valued at $50,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 approximately $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,409 shares of company stock valued at $19,305,504. Insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TRV shares. UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Citigroup upped their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on Travelers Companies from $207.00 to $256.00 and gave the stock 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Price Performance

NYSE TRV opened at $257.12 on Thursday. The Travelers Companies, Inc. has a one year low of $172.38 and a one year high of $269.55. The stock has a 50-day moving average of $245.79 and a 200 day moving average of $225.37. 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 company has a market capitalization of $58.37 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.25 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.95 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend 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 currently 21.54%.

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.