Douglass Winthrop Advisors LLC Reduces Stake in The Travelers Companies, Inc. (NYSE:TRV)

Douglass Winthrop Advisors LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,494 shares of the insurance provider’s stock after selling 62 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Travelers Companies were worth $1,286,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its stake in Travelers Companies by 4.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 105,387 shares of the insurance provider’s stock valued at $24,673,000 after acquiring an additional 4,505 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Travelers Companies by 36.6% in the third quarter. Summit Trail Advisors LLC now owns 2,305 shares of the insurance provider’s stock valued at $540,000 after purchasing an additional 618 shares in the last quarter. Journey Advisory Group LLC grew its position in shares of Travelers Companies by 15.3% in the third quarter. Journey Advisory Group LLC now owns 3,010 shares of the insurance provider’s stock valued at $705,000 after purchasing an additional 400 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Travelers Companies by 191.9% in the third quarter. Larson Financial Group LLC now owns 2,207 shares of the insurance provider’s stock valued at $517,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Swedbank AB increased its stake in shares of Travelers Companies by 8.2% during the 3rd quarter. Swedbank AB now owns 123,619 shares of the insurance provider’s stock worth $28,942,000 after purchasing an additional 9,377 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,409 shares of company stock valued at $19,305,504 over the last three months. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Performance

Travelers Companies stock opened at $262.47 on Monday. The company has a market cap of $59.59 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 12 month low of $175.88 and a 12 month high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s 50-day moving average is $246.83 and its 200-day moving average is $226.06.

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 net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the previous year, the company posted $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 18.83 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. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.60%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRV. Barclays upped their target price on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup increased their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $251.15.

Travelers Companies 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.