The Travelers Companies, Inc. (NYSE:TRV) Position Reduced by Weaver Capital Management LLC

Weaver Capital Management LLC reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,540 shares of the insurance provider’s stock after selling 1,650 shares during the period. Weaver Capital Management LLC’s holdings in Travelers Companies were worth $2,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ledyard National Bank lifted its stake in Travelers Companies by 1.9% during the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after purchasing an additional 39 shares during the last quarter. Cornell Pochily Investment Advisors Inc. raised its holdings in shares of Travelers Companies by 2.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after purchasing an additional 42 shares during the period. Willner & Heller LLC boosted its holdings in shares of Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after buying an additional 45 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, Drive Wealth Management LLC raised its stake in Travelers Companies by 2.8% during the second quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock worth $360,000 after acquiring an additional 48 shares during the period. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TRV shares. Roth Mkm lifted their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley dropped their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $247.45.

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were 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 in the company, valued at $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $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. In the last quarter, insiders have sold 54,465 shares of company stock worth $13,681,936. Company insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.2 %

Shares of NYSE:TRV opened at $259.19 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.34. The stock has a market capitalization of $59.08 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.40 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $269.55. The company has a 50 day moving average price of $233.84 and a 200 day moving average price of $219.94.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during 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%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.95 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.45 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. Travelers Companies’s payout ratio is presently 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.