Icon Wealth Advisors LLC Has $1.84 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Icon Wealth Advisors LLC lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 35.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,848 shares of the insurance provider’s stock after selling 4,271 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Travelers Companies were worth $1,837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Acadian Asset Management LLC boosted its holdings in shares of Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after buying an additional 678,241 shares during the period. International Assets Investment Management LLC boosted its stake in Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after purchasing an additional 518,075 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Travelers Companies in the 1st quarter worth $88,190,000. Renaissance Technologies LLC increased its holdings in Travelers Companies by 324.9% during the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after purchasing an additional 230,612 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after purchasing an additional 196,011 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Roth Mkm increased their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Barclays raised their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Four research 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.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $251.15.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value 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 $57,726,870.88. The trade was a 15.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,409 shares of company stock valued at $19,305,504 in the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

Shares of TRV opened at $262.47 on Friday. The company’s 50-day moving average is $246.83 and its 200-day moving average is $225.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $59.59 billion, a PE ratio of 13.46, a PEG ratio of 1.25 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $175.88 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the firm earned $1.95 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 18.68 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is presently 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.