World Asset Management Inc Has $1.63 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

World Asset Management Inc reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,723 shares of the insurance provider’s stock after selling 575 shares during the period. World Asset Management Inc’s holdings in Travelers Companies were worth $1,630,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TRV. Copperwynd Financial LLC grew its stake in shares of Travelers Companies by 1.8% in the second quarter. Copperwynd Financial LLC now owns 3,619 shares of the insurance provider’s stock valued at $542,000 after acquiring an additional 65 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Travelers Companies by 1.0% in the second quarter. Tocqueville Asset Management L.P. now owns 6,637 shares of the insurance provider’s stock valued at $994,000 after acquiring an additional 65 shares in the last quarter. Bickling Financial Services Inc. grew its stake in Travelers Companies by 4.8% during the second quarter. Bickling Financial Services Inc. now owns 1,436 shares of the insurance provider’s stock worth $215,000 after buying an additional 66 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in Travelers Companies by 2.3% during the third quarter. Checchi Capital Advisers LLC now owns 2,977 shares of the insurance provider’s stock worth $453,000 after buying an additional 67 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in Travelers Companies by 1.5% during the second quarter. Merit Financial Group LLC now owns 4,755 shares of the insurance provider’s stock worth $712,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

NYSE TRV traded down $0.55 during mid-day trading on Friday, hitting $162.50. The company’s stock had a trading volume of 8,185 shares, compared to its average volume of 1,330,879. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.26. The company’s 50 day simple moving average is $156.64 and its 200 day simple moving average is $155.81. The Travelers Companies, Inc. has a twelve month low of $135.87 and a twelve month high of $168.31. The firm has a market capitalization of $39.98 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.99 and a beta of 0.77.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Monday, October 18th. The insurance provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.60. Travelers Companies had a return on equity of 12.15% and a net margin of 10.64%. The business had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the business earned $3.12 EPS. The business’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts forecast that The Travelers Companies, Inc. will post 12.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Friday, December 10th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, December 9th. Travelers Companies’s payout ratio is 24.70%.

A number of equities research analysts have issued reports on TRV shares. Morgan Stanley increased their price objective on shares of Travelers Companies from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 20th. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $158.00 to $159.00 and gave the stock an “underweight” rating in a report on Thursday, January 6th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $170.00 target price for the company. in a report on Friday, December 17th. Jefferies Financial Group initiated coverage on shares of Travelers Companies in a report on Thursday, November 18th. They issued a “hold” rating and a $165.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Travelers Companies in a report on Monday, November 22nd. They issued a “neutral” rating and a $165.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $164.27.

In related news, SVP Douglas K. Russell sold 14,689 shares of the business’s stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $162.00, for a total value of $2,379,618.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andy F. Bessette sold 6,005 shares of Travelers Companies stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $159.87, for a total value of $960,019.35. The disclosure for this sale can be found here. Insiders have sold a total of 26,570 shares of company stock worth $4,289,845 over the last quarter. Company insiders own 0.92% of the company’s stock.

About Travelers Companies

The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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