Trust Point Inc. Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

Trust Point Inc. decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,031 shares of the insurance provider’s stock after selling 175 shares during the period. Trust Point Inc.’s holdings in Travelers Companies were worth $241,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after purchasing an additional 25,575 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Travelers Companies by 9.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after buying an additional 50 shares during the last quarter. Perpetual Ltd purchased a new stake in Travelers Companies in the 1st quarter valued at about $217,000. Wedmont Private Capital increased its stake in shares of Travelers Companies by 13.8% during the 1st quarter. Wedmont Private Capital now owns 2,126 shares of the insurance provider’s stock valued at $476,000 after acquiring an additional 258 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TRV. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Morgan Stanley dropped their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada boosted their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $235.42.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was 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 in the company, valued at $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.2 %

Shares of TRV opened at $265.45 on Friday. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $269.55. The stock has a 50-day moving average price of $231.88 and a 200 day moving average price of $219.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization 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.

Travelers Companies (NYSE:TRV) last released its earnings results 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 company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.09 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. Travelers Companies’s payout ratio is 26.55%.

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.