First Republic Investment Management Inc. reduced its position in Travelers Companies Inc (NYSE:TRV) by 6.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 275,358 shares of the insurance provider’s stock after selling 18,999 shares during the period. First Republic Investment Management Inc.’s holdings in Travelers Companies were worth $35,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Weatherstone Capital Management increased its stake in Travelers Companies by 14.8% in the 3rd quarter. Weatherstone Capital Management now owns 3,149 shares of the insurance provider’s stock valued at $408,000 after purchasing an additional 405 shares in the last quarter. Elmwood Wealth Management Inc. increased its position in Travelers Companies by 6.3% during the third quarter. Elmwood Wealth Management Inc. now owns 7,096 shares of the insurance provider’s stock worth $920,000 after buying an additional 420 shares in the last quarter. Honkamp Krueger Financial Services Inc. increased its position in Travelers Companies by 14.6% during the third quarter. Honkamp Krueger Financial Services Inc. now owns 3,323 shares of the insurance provider’s stock worth $431,000 after buying an additional 424 shares in the last quarter. CIBC Asset Management Inc increased its position in Travelers Companies by 1.6% during the second quarter. CIBC Asset Management Inc now owns 26,640 shares of the insurance provider’s stock worth $3,259,000 after buying an additional 425 shares in the last quarter. Finally, First Interstate Bank increased its position in Travelers Companies by 44.6% during the third quarter. First Interstate Bank now owns 1,381 shares of the insurance provider’s stock worth $179,000 after buying an additional 426 shares in the last quarter. 79.50% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Andy F. Bessette sold 1,666 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total transaction of $210,199.22. Following the sale, the executive vice president now owns 8,457 shares in the company, valued at $1,067,019.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Travelers Companies stock opened at $125.41 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29. The firm has a market cap of $33.56 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.03 and a beta of 1.19. Travelers Companies Inc has a fifty-two week low of $119.67 and a fifty-two week high of $150.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.28. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business posted $0.91 earnings per share. Travelers Companies’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Travelers Companies Inc will post 9.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Friday, December 7th. Travelers Companies’s dividend payout ratio (DPR) is 42.31%.

Several research firms have weighed in on TRV. Credit Suisse Group set a $141.00 price target on Travelers Companies and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Wells Fargo & Co dropped their price target on Travelers Companies from $142.00 to $136.00 and set a “market perform” rating for the company in a research report on Friday, October 19th. Citigroup downgraded Travelers Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $149.00 to $134.00 in a research report on Friday, October 19th. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Finally, TheStreet raised Travelers Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $136.08.

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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.

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

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