Bank of Hawaii Sells 103 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bank of Hawaii lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,424 shares of the insurance provider’s stock after selling 103 shares during the period. Bank of Hawaii’s holdings in Travelers Companies were worth $568,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TRV. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies during the first quarter worth $35,000. Beacon Capital Management LLC lifted its stake in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the 3rd quarter valued at about $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on 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 boosted their target price on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Bank of America raised their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Finally, Citigroup upped their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $251.15.

Travelers Companies Trading Down 0.5 %

Shares of TRV stock opened at $261.17 on Tuesday. The stock has a market cap of $59.29 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $175.88 and a 1 year high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $247.20 and a 200 day simple moving average of $226.36.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 EPS. On average, research analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,409 shares of company stock valued at $19,305,504. 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.