The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,590 shares of the insurance provider’s stock after selling 539 shares during the quarter. TD Private Client Wealth LLC’s holdings in Travelers Companies were worth $1,543,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $25,000. Wolff Wiese Magana LLC increased its position in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $50,000. Finally, Salomon & Ludwin LLC grew its position in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Barclays increased their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $251.70.

Insider Activity at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 over the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

TRV stock opened at $243.86 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 stock has a market capitalization of $55.36 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.16 and a beta of 0.63. The Travelers Companies, Inc. has a 1 year low of $181.03 and a 1 year high of $269.55. The stock’s fifty day moving average is $252.61 and its two-hundred day moving average is $229.94.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $1.95 earnings per share. On average, research analysts predict that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

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.