Banco Santander S.A. Has $15.26 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Banco Santander S.A. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRVFree Report) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,195 shares of the insurance provider’s stock after selling 619 shares during the quarter. Banco Santander S.A.’s holdings in Travelers Companies were worth $15,263,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Travelers Companies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after purchasing an additional 165,708 shares during the period. Legal & General Group Plc lifted its holdings in Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after buying an additional 37,029 shares during the period. Boston Partners grew its position in shares of Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after buying an additional 196,011 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Travelers Companies by 8.0% in the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after buying an additional 85,619 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Travelers Companies by 1.3% during the second quarter. Hsbc Holdings PLC now owns 1,112,547 shares of the insurance provider’s stock worth $226,307,000 after acquiring an additional 14,764 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, 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. Over the last three months, insiders have sold 74,409 shares of company stock valued at $19,305,504. 1.33% of the stock is currently owned by insiders.

Travelers Companies Trading Down 0.6 %

Travelers Companies stock opened at $255.57 on Thursday. The stock has a market cap of $58.02 billion, a P/E ratio of 13.19, a PEG ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $269.55. The firm’s fifty day moving average price is $245.79 and its 200-day moving average price is $225.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 1.64%. Travelers Companies’s payout ratio is 21.54%.

Analyst Ratings Changes

TRV has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Citigroup boosted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. UBS Group boosted their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $251.15.

Get Our Latest Stock Report on TRV

About Travelers Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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