Rockefeller Capital Management L.P. Decreases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Rockefeller Capital Management L.P. reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,439 shares of the insurance provider’s stock after selling 2,632 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Travelers Companies were worth $5,487,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of 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 purchasing an additional 678,241 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Travelers Companies by 23,378.8% during the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares during the period. Bank of Montreal Can boosted its holdings in Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after acquiring an additional 282,884 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Travelers Companies by 324.9% during the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after acquiring an additional 230,612 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.4 %

Shares of NYSE:TRV opened at $261.73 on Thursday. The company has a market capitalization of $59.42 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.25 and a beta of 0.63. The stock’s fifty day simple moving average is $250.76 and its 200-day simple moving average is $228.57. The Travelers Companies, Inc. has a 52-week low of $180.44 and a 52-week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

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 firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 earnings per share. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.60%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insiders Place Their Bets

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the 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 completion of the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock worth $20,295,856 over the last three months. 1.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TRV shares. Royal Bank of Canada lifted their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Jefferies Financial Group lifted their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $251.15.

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.