Tectonic Advisors LLC Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Tectonic Advisors LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% during the third quarter, Holdings Channel reports. The institutional investor owned 8,705 shares of the insurance provider’s stock after selling 226 shares during the quarter. Tectonic Advisors LLC’s holdings in Travelers Companies were worth $2,038,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TRV. JPMorgan Chase & Co. increased its stake in shares of Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares during the period. Acadian Asset Management LLC boosted its holdings in Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after purchasing an additional 678,241 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after purchasing an additional 518,075 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Travelers Companies in the first quarter valued at approximately $88,190,000. Finally, Renaissance Technologies LLC boosted its holdings in Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after purchasing an additional 230,612 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 0.4 %

Shares of TRV stock opened at $256.38 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $158.22 and a fifty-two week high of $269.55. The stock has a market cap of $58.71 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.28 and a beta of 0.62. The business has a fifty day simple moving average of $234.71 and a 200-day simple moving average of $220.20. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the business posted $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts forecast that The Travelers Companies, Inc. will post 18.24 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Activity at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 0.00 % 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. In related news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This trade represents a 0.00 % 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, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,465 shares of company stock valued at $14,910,886 over the last quarter. Insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Roth Mkm increased their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $252.00 to $230.00 in a report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $247.90.

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.