The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 23.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,628 shares of the insurance provider’s stock after selling 1,109 shares during the quarter. CENTRAL TRUST Co’s holdings in Travelers Companies were worth $849,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. Wellington Management Group LLP increased its stake in Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after purchasing an additional 25,575 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in Travelers Companies by 264.1% in the 1st quarter. Sunbelt Securities Inc. now owns 1,318 shares of the insurance provider’s stock valued at $303,000 after buying an additional 956 shares during the period. Brookstone Capital Management increased its stake in shares of Travelers Companies by 16.2% during the 1st quarter. Brookstone Capital Management now owns 1,630 shares of the insurance provider’s stock valued at $375,000 after acquiring an additional 227 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Travelers Companies by 13.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,412 shares of the insurance provider’s stock worth $325,000 after acquiring an additional 165 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Travelers Companies in the first quarter worth approximately $222,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 2.3 %

Travelers Companies stock opened at $250.50 on Friday. 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 Travelers Companies, Inc. has a 1 year low of $159.89 and a 1 year high of $269.55. The firm’s 50-day moving average is $235.51 and its 200-day moving average is $220.45. The company has a market cap of $57.36 billion, a P/E ratio of 18.61, a PEG ratio of 1.28 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 18.24 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,014 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $5,840,163.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,479 shares of company stock worth $15,434,526. 1.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TRV has been the subject of several research analyst reports. Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group lifted their target price on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday. Barclays upped their price target on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group lifted their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Four equities research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $247.90.

Travelers Companies 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.