Pitcairn Co. Sells 474 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Pitcairn Co. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 11.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,705 shares of the insurance provider’s stock after selling 474 shares during the period. Pitcairn Co.’s holdings in Travelers Companies were worth $867,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in Travelers Companies in the second quarter worth $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the first quarter worth $35,000. Beacon Capital Management LLC boosted its holdings in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the third quarter worth $50,000. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’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 completion of the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,409 shares of company stock valued at $19,305,504. Corporate insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRV. Roth Mkm upped their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a report on Thursday. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $251.15.

Travelers Companies Stock Performance

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

Travelers Companies (NYSE:TRV) last posted its quarterly 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. 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 during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the business posted $1.95 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 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.