The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Sky Investment Group LLC

Sky Investment Group LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,565 shares of the insurance provider’s stock after selling 50 shares during the period. Sky Investment Group LLC’s holdings in Travelers Companies were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Travelers Companies by 100.9% during the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after purchasing an additional 25,575 shares in the last quarter. Charles Schwab Trust Co bought a new position in Travelers Companies during the first quarter valued at about $230,000. West Coast Financial LLC grew its holdings in Travelers Companies by 25.0% during the first quarter. West Coast Financial LLC now owns 1,511 shares of the insurance provider’s stock worth $348,000 after acquiring an additional 302 shares during the period. Eagle Rock Investment Company LLC raised its position in Travelers Companies by 0.5% in the first quarter. Eagle Rock Investment Company LLC now owns 16,353 shares of the insurance provider’s stock worth $3,763,000 after acquiring an additional 88 shares in the last quarter. Finally, Atlas Capital Advisors LLC lifted its holdings in Travelers Companies by 65.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 413 shares of the insurance provider’s stock valued at $95,000 after acquiring an additional 164 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Down 1.1 %

Shares of Travelers Companies stock traded down $2.93 on Tuesday, hitting $256.77. 197,019 shares of the company traded hands, compared to its average volume of 1,313,647. The company has a quick ratio of 0.33, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $269.55. The company has a 50-day moving average price of $232.88 and a 200 day moving average price of $219.74. The company has a market cap of $58.53 billion, a PE ratio of 13.13, a PEG ratio of 1.40 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.45 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.64%. Travelers Companies’s dividend payout ratio is 21.54%.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRV has been the topic of a number of research reports. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Citigroup increased their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and reduced their target price for the company from $252.00 to $230.00 in a report on Monday, July 15th. Finally, Piper Sandler dropped their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $244.89.

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.