Wedbush Securities Inc. reduced its stake in shares of Travelers Companies Inc (NYSE:TRV) by 14.4% in the third quarter, HoldingsChannel.com reports. The firm owned 4,575 shares of the insurance provider’s stock after selling 770 shares during the period. Wedbush Securities Inc.’s holdings in Travelers Companies were worth $593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TRV. People s United Financial Inc. raised its holdings in shares of Travelers Companies by 3.1% in the third quarter. People s United Financial Inc. now owns 39,693 shares of the insurance provider’s stock valued at $5,149,000 after acquiring an additional 1,188 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its holdings in shares of Travelers Companies by 14.6% in the third quarter. Honkamp Krueger Financial Services Inc. now owns 3,323 shares of the insurance provider’s stock valued at $431,000 after acquiring an additional 424 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Travelers Companies by 26.9% in the third quarter. Tower Research Capital LLC TRC now owns 34,668 shares of the insurance provider’s stock valued at $4,497,000 after acquiring an additional 7,341 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Travelers Companies in the third quarter valued at about $306,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Travelers Companies by 44.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,207 shares of the insurance provider’s stock valued at $2,491,000 after acquiring an additional 5,942 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 business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by insiders.

A number of equities analysts have commented on TRV shares. TheStreet upgraded shares of Travelers Companies from a “c+” rating to a “b” rating in a report on Thursday, August 30th. Citigroup downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $149.00 to $134.00 in a report on Friday, October 19th. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Credit Suisse Group set a $141.00 target price on shares of Travelers Companies and gave the stock a “hold” rating in a report on Wednesday, November 14th. Finally, Wells Fargo & Co reduced their target price on shares of Travelers Companies from $142.00 to $136.00 and set a “market perform” rating for the company in a report on Friday, October 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and a consensus target price of $136.08.

Shares of Travelers Companies stock opened at $123.56 on Friday. The stock has a market capitalization of $33.22 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.02 and a beta of 1.19. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a one year low of $119.67 and a one year high of $150.55.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.49%. Travelers Companies’s payout ratio is 42.31%.

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About Travelers Companies

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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