The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Simmons Bank

Simmons Bank reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 28.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,365 shares of the insurance provider’s stock after selling 538 shares during the period. Simmons Bank’s holdings in Travelers Companies were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Y.D. More Investments Ltd acquired a new position in Travelers Companies in the second quarter worth approximately $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies in the 1st quarter worth $35,000. Beacon Capital Management LLC raised its position in shares of Travelers Companies by 74.2% during 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 during the period. Wolff Wiese Magana LLC lifted its holdings in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at $50,000. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares in the company, valued at approximately $446,671.75. This represents a 69.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,999 shares of company stock valued at $16,580,166. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $256.52 on Friday. The firm has a market cap of $58.24 billion, a P/E ratio of 13.15, a PEG ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $167.08 and a twelve month high of $269.55. 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 firm’s 50 day moving average price is $243.42 and its two-hundred day moving average price is $223.76.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the company earned $1.95 earnings per share. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given 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 21.54%.

Analysts Set New Price Targets

A number of research firms have commented on TRV. BMO Capital Markets upped their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Citigroup raised their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Piper Sandler cut their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Roth Mkm raised their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group upped their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $247.90.

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.