Victory Capital Management Inc. Sells 1,224 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Victory Capital Management Inc. trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 111,984 shares of the insurance provider’s stock after selling 1,224 shares during the period. Victory Capital Management Inc.’s holdings in Travelers Companies were worth $26,218,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after purchasing an additional 35,560 shares during the last quarter. GAMMA Investing LLC boosted its position in Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after buying an additional 3,050 shares during the period. Manning & Napier Advisors LLC bought a new stake in Travelers Companies during the 2nd quarter worth approximately $17,303,000. Cetera Advisors LLC increased its position in Travelers Companies by 75.3% in the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after acquiring an additional 4,724 shares during the period. Finally, Swedbank AB bought a new position in shares of Travelers Companies during the first quarter valued at $26,618,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock valued at $16,580,166 in the last three months. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Up 1.7 %

Shares of NYSE TRV opened at $260.82 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a 50-day moving average price of $244.44 and a 200-day moving average price of $224.48. The stock has a market capitalization of $59.21 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $169.18 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The business 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%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed 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. This represents a $4.20 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TRV shares. Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays increased their price target on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets upped their target price on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $247.90.

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.