Bartlett & CO. Wealth Management LLC Has $9.74 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bartlett & CO. Wealth Management LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,580 shares of the insurance provider’s stock after selling 374 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Travelers Companies were worth $9,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Acadian Asset Management LLC boosted its position in Travelers Companies by 356.4% during the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after acquiring an additional 678,241 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $88,190,000. Renaissance Technologies LLC lifted its position in shares of Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after purchasing an additional 230,612 shares in the last quarter. Finally, Boston Partners boosted its holdings in Travelers Companies by 16.4% during the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after purchasing an additional 196,011 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TRV. UBS Group raised their price objective on Travelers Companies from $238.00 to $244.00 and gave the company a “neutral” rating in a report on Tuesday. The Goldman Sachs Group boosted their price target on Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley cut their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, Barclays started coverage on shares of Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $235.42.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $265.45 on Friday. The company’s 50-day moving average price is $231.88 and its two-hundred day moving average price is $219.65. The firm has a market cap of $60.50 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.26 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate 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 net margin of 8.37% and a return on equity of 15.90%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.09 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced 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 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 26.55%.

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.