Manning & Napier Advisors LLC Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

Manning & Napier Advisors LLC reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.6% during the 4th quarter, HoldingsChannel reports. The firm owned 74,662 shares of the insurance provider’s stock after selling 7,968 shares during the period. Manning & Napier Advisors LLC’s holdings in Travelers Companies were worth $17,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Plimoth Trust Co. LLC grew its stake in Travelers Companies by 5.6% during the 4th quarter. Plimoth Trust Co. LLC now owns 4,524 shares of the insurance provider’s stock worth $1,090,000 after buying an additional 238 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $1,281,000. Swedbank AB increased its holdings in shares of Travelers Companies by 0.6% during the fourth quarter. Swedbank AB now owns 124,418 shares of the insurance provider’s stock valued at $29,971,000 after acquiring an additional 799 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Travelers Companies by 15.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 422,435 shares of the insurance provider’s stock valued at $101,760,000 after purchasing an additional 56,075 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its position in Travelers Companies by 182.3% during the 4th quarter. SteelPeak Wealth LLC now owns 13,374 shares of the insurance provider’s stock worth $3,222,000 after purchasing an additional 8,636 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the company’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 completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on 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 transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

Travelers Companies Stock Up 1.2 %

Shares of TRV stock traded up $2.99 on Wednesday, reaching $251.42. 174,764 shares of the stock were exchanged, compared to its average volume of 1,444,734. The company has a market capitalization of $57.08 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.09 and a beta of 0.65. The business’s 50 day moving average price is $247.48 and its 200 day moving average price is $238.07. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the business posted $7.01 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.67%. Travelers Companies’s payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Tuesday, December 10th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $260.47.

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.