Aureus Asset Management LLC Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Aureus Asset Management LLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 14.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,138 shares of the insurance provider’s stock after selling 700 shares during the period. Aureus Asset Management LLC’s holdings in Travelers Companies were worth $969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRV. Tidal Investments LLC grew its position in Travelers Companies by 4.9% during the 1st quarter. Tidal Investments LLC now owns 3,914 shares of the insurance provider’s stock worth $900,000 after purchasing an additional 184 shares during the last quarter. Cetera Investment Advisers grew its position in Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after purchasing an additional 35,560 shares during the last quarter. Cetera Advisors LLC grew its position in Travelers Companies by 75.3% during the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after purchasing an additional 4,724 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Travelers Companies by 11.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 572 shares of the insurance provider’s stock worth $121,000 after purchasing an additional 57 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in Travelers Companies by 16.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 656 shares of the insurance provider’s stock worth $133,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $266.04 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company has a fifty day moving average of $249.31 and a two-hundred day moving average of $227.74. The stock has a market capitalization of $60.40 billion, a PE ratio of 13.64, a P/E/G ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $177.61 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $5,840,163.66. This represents a 30.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 over the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRV. BMO Capital Markets boosted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Barclays lifted their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company 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.