Paradigm Asset Management Co. LLC Sells 3,500 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Paradigm Asset Management Co. LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 45.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,200 shares of the insurance provider’s stock after selling 3,500 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Travelers Companies were worth $1,012,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp grew its position in Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after buying an additional 120,228 shares in the last quarter. FMR LLC grew its position in Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. Geode Capital Management LLC grew its position in Travelers Companies by 2.3% during the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after buying an additional 114,714 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Travelers Companies by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock worth $350,396,000 after buying an additional 10,285 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Travelers Companies by 4.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider’s stock worth $254,169,000 after buying an additional 41,683 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 0.5 %

Shares of NYSE:TRV opened at $241.06 on Friday. The firm has a market cap of $54.66 billion, a P/E ratio of 11.23, a P/E/G ratio of 4.67 and a beta of 0.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The business has a fifty day simple moving average of $242.17 and a 200 day simple moving average of $241.29.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $7.01 EPS. Analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRV. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and raised their target price for the company from $275.00 to $286.00 in a report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $261.05.

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.