Tectonic Advisors LLC Sells 226 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Tectonic Advisors LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,705 shares of the insurance provider’s stock after selling 226 shares during the period. Tectonic Advisors LLC’s holdings in Travelers Companies were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in Travelers Companies during the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at about $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at about $45,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised 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. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley lowered their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Barclays lifted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $247.90.

Insider Activity

In other news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares in the company, valued at approximately $446,671.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,465 shares of company stock valued at $14,910,886. 1.33% of the stock is currently owned by insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $256.38 on Friday. The firm has a market cap of $58.71 billion, a PE ratio of 19.05, a PEG ratio of 1.28 and a beta of 0.62. The firm has a fifty day moving average of $234.71 and a 200 day moving average of $220.20. 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 Travelers Companies, Inc. has a one year low of $158.22 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its 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 company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts predict that The Travelers Companies, Inc. will post 18.24 EPS 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. Shareholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. 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 (DPR) is presently 31.20%.

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.