The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Webster Bank N. A.

Webster Bank N. A. trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,694 shares of the insurance provider’s stock after selling 1,624 shares during the period. Webster Bank N. A.’s holdings in Travelers Companies were worth $6,718,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Willner & Heller LLC raised its holdings in shares of Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after purchasing an additional 45 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in Travelers Companies in the third quarter valued at $6,565,000. Crestmont Private Wealth LLC purchased a new stake in Travelers Companies during the 3rd quarter worth about $206,000. Exchange Bank acquired a new position in shares of Travelers Companies during the 3rd quarter worth about $286,000. Finally, CHICAGO TRUST Co NA purchased a new position in shares of Travelers Companies in the 3rd quarter valued at about $236,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $206.00 to $207.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $230.89.

Travelers Companies Stock Performance

NYSE TRV traded up $3.38 during trading hours on Friday, hitting $236.58. 932,564 shares of the stock were exchanged, compared to its average volume of 1,043,600. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $53.92 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48. The stock has a 50-day moving average of $227.80 and a 200 day moving average of $218.82.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.08 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $1.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 26.55%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.33% of the company’s stock.

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.