The Travelers Companies, Inc. $TRV Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,190 shares of the insurance provider’s stock after selling 1,591 shares during the quarter. Candriam S.C.A.’s holdings in Travelers Companies were worth $5,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TRV. Brighton Jones LLC grew its holdings in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Travelers Companies during the 4th quarter worth $276,000. Bailard Inc. grew its stake in shares of Travelers Companies by 2.4% during the 1st quarter. Bailard Inc. now owns 4,454 shares of the insurance provider’s stock worth $1,178,000 after purchasing an additional 106 shares during the period. AMG National Trust Bank increased its holdings in shares of Travelers Companies by 2.5% in the 1st quarter. AMG National Trust Bank now owns 3,854 shares of the insurance provider’s stock valued at $1,019,000 after purchasing an additional 93 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its holdings in shares of Travelers Companies by 22.8% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,744 shares of the insurance provider’s stock valued at $726,000 after purchasing an additional 509 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total transaction of $575,000.00. Following the sale, the insider owned 255,086 shares of the company’s stock, valued at approximately $73,337,225. This trade represents a 0.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,195 shares of company stock valued at $15,042,229 in the last 90 days. Company insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TRV. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. Morgan Stanley boosted their price target on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. UBS Group upped their price target on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $291.31.

Travelers Companies Trading Down 0.2%

Shares of Travelers Companies stock opened at $286.95 on Friday. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $290.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The business has a 50 day moving average price of $275.29 and a 200 day moving average price of $269.65. The company has a market capitalization of $64.01 billion, a P/E ratio of 11.28, a P/E/G ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the prior year, the firm earned $5.24 EPS. Travelers Companies’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s payout ratio is presently 17.30%.

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.