The Travelers Companies, Inc. $TRV Stock: Pictet Asset Management Holding SA Reduces Holdings

Pictet Asset Management Holding SA cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 162,474 shares of the insurance provider’s stock after selling 6,180 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Travelers Companies were worth $57,926,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaCentric Advisors LLC raised its holdings in shares of Travelers Companies by 259.9% during the third quarter. AlphaCentric Advisors LLC now owns 1,767 shares of the insurance provider’s stock valued at $630,000 after purchasing an additional 1,276 shares during the period. Parallel Advisors LLC boosted its stake in shares of Travelers Companies by 1.1% in the 3rd quarter. Parallel Advisors LLC now owns 7,568 shares of the insurance provider’s stock worth $2,698,000 after buying an additional 84 shares during the last quarter. Abacus Wealth Partners LLC raised its holdings in shares of Travelers Companies by 8.4% in the 3rd quarter. Abacus Wealth Partners LLC now owns 2,401 shares of the insurance provider’s stock worth $856,000 after purchasing an additional 186 shares during the period. Asset Dedication LLC raised its stake in Travelers Companies by 2.3% in the 3rd quarter. Asset Dedication LLC now owns 12,346 shares of the insurance provider’s stock valued at $4,401,000 after acquiring an additional 276 shares during the period. Finally, United Advisor Group LLC increased its stake in shares of Travelers Companies by 7.7% in the third quarter. United Advisor Group LLC now owns 1,083 shares of the insurance provider’s stock worth $386,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $395.06 on Tuesday. The firm has a market capitalization of $80.97 billion, a P/E ratio of 10.75, a P/E/G ratio of 2.83 and a beta of 0.40. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $378.16 and its two-hundred day simple moving average is $333.38. The Travelers Companies, Inc. has a twelve month low of $268.00 and a twelve month high of $418.00.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, beating the consensus estimate of $7.39 by $1.79. The firm had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $8.14 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s payout ratio is presently 13.11%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 9,016 shares of the stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $405.57, for a total value of $3,656,619.12. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at $2,463,837.75. This represents a 59.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Olivo sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the sale, the executive vice president owned 88,642 shares in the company, valued at approximately $36,077,294. This trade represents a 14.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 195,287 shares of company stock valued at $77,818,050 over the last quarter. Company insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TRV shares. UBS Group reiterated a “neutral” rating and issued a $405.00 price objective (up from $383.00) on shares of Travelers Companies in a research note on Monday, October 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $384.00 target price (up from $363.00) on shares of Travelers Companies in a report on Monday, October 19th. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and increased their price target for the stock from $339.00 to $350.00 in a report on Monday, July 20th. HSBC raised their price objective on shares of Travelers Companies from $376.00 to $389.00 and gave the company a “hold” rating in a research report on Monday, October 19th. Finally, BMO Capital Markets upped their target price on shares of Travelers Companies from $379.00 to $388.00 and gave the stock a “market perform” rating in a report on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $370.83.

Travelers Companies Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.