Voya Investment Management LLC Has $10.76 Million Position in The Travelers Companies, Inc. $TRV

Voya Investment Management LLC lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 38,533 shares of the insurance provider’s stock after selling 9,116 shares during the quarter. Voya Investment Management LLC’s holdings in Travelers Companies were worth $10,759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dynamic Advisor Solutions LLC raised its holdings in Travelers Companies by 5.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 5,553 shares of the insurance provider’s stock valued at $1,551,000 after acquiring an additional 278 shares during the period. Riversedge Advisors LLC grew its position in shares of Travelers Companies by 58.5% in the third quarter. Riversedge Advisors LLC now owns 1,401 shares of the insurance provider’s stock valued at $391,000 after purchasing an additional 517 shares during the last quarter. Talbot Financial LLC increased its stake in shares of Travelers Companies by 3.2% during the third quarter. Talbot Financial LLC now owns 45,587 shares of the insurance provider’s stock worth $12,729,000 after purchasing an additional 1,397 shares during the period. Hilltop National Bank lifted its holdings in Travelers Companies by 48.5% during the 3rd quarter. Hilltop National Bank now owns 612 shares of the insurance provider’s stock worth $171,000 after purchasing an additional 200 shares during the last quarter. Finally, Kwmg LLC boosted its stake in Travelers Companies by 1.7% in the 3rd quarter. Kwmg LLC now owns 27,198 shares of the insurance provider’s stock valued at $7,594,000 after purchasing an additional 451 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $34,776,665.08. This trade represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,493,829. This represents a 48.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is owned by company insiders.

Travelers Companies Trading Up 0.3%

Shares of Travelers Companies stock opened at $292.44 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $296.85. The company has a market capitalization of $65.23 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 2.87 and a beta of 0.53. The firm’s 50-day moving average price is $281.26 and its two-hundred day moving average price is $272.92.

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

Travelers Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wolfe Research began coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Zacks Research downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday. Barclays set a $313.00 price target on shares of Travelers Companies in a research report on Wednesday, October 8th. Mizuho started coverage on shares of Travelers Companies in a report on Monday, December 15th. They issued a “neutral” rating and a $317.00 price objective for the company. Finally, UBS Group increased their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $294.25.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.