The Travelers Companies, Inc. (NYSE:TRV) Holdings Lowered by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,162 shares of the insurance provider’s stock after selling 99 shares during the quarter. D.A. Davidson & CO.’s holdings in Travelers Companies were worth $2,847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $25,000. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at $35,000. Wolff Wiese Magana LLC boosted its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies during the third quarter valued at $50,000. Finally, Salomon & Ludwin LLC raised its position in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV opened at $266.04 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company has a 50-day moving average of $249.31 and a 200-day moving average of $227.58. The Travelers Companies, Inc. has a 52 week low of $177.61 and a 52 week high of $269.55. The company has a market capitalization of $60.40 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the company earned $1.95 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRV. BMO Capital Markets increased their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. UBS Group lifted their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America upped their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $251.15.

Insiders Place Their Bets

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock worth $20,295,856 over the last three months. 1.33% of the stock is currently owned by corporate insiders.

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.