The Travelers Companies, Inc. $TRV Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 47,843 shares of the insurance provider’s stock after selling 1,302 shares during the quarter. Travelers Companies accounts for 1.5% of Telos Capital Management Inc.’s holdings, making the stock its 17th largest position. Telos Capital Management Inc.’s holdings in Travelers Companies were worth $17,057,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TRV. BlackRock Inc. bought a new position in shares of Travelers Companies during the second quarter worth $6,915,909,000. Bank of America Corp DE bought a new stake in Travelers Companies in the 2nd quarter valued at $932,142,000. GQG Partners LLC bought a new stake in Travelers Companies in the 2nd quarter valued at $789,024,000. Legal & General Group Plc bought a new stake in Travelers Companies in the 2nd quarter valued at $558,164,000. Finally, Bank of New York Mellon Corp purchased a new stake in Travelers Companies in the 2nd quarter worth $469,505,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TRV shares. Barclays increased their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Roth Capital reaffirmed a “buy” rating and issued a $425.00 target price (up from $345.00) on shares of Travelers Companies in a report on Monday, October 26th. Wells Fargo & Company boosted their target price on Travelers Companies from $341.00 to $377.00 and gave the stock an “equal weight” rating in a research report on Monday, October 19th. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Mizuho increased their price target on Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $370.83.

Travelers Companies Stock Down 1.6%

Shares of NYSE:TRV opened at $402.79 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The Travelers Companies, Inc. has a 12 month low of $268.00 and a 12 month high of $418.00. The company has a 50-day moving average price of $377.14 and a 200 day moving average price of $332.14. The company has a market cap of $82.55 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 2.83 and a beta of 0.40.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. The business had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.14 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 36.27 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.11%.

Insider Activity

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 34,771 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $403.89, for a total transaction of $14,043,659.19. Following the sale, the executive vice president owned 18,416 shares of the company’s stock, valued at approximately $7,438,038.24. This trade represents a 65.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey P. Klenk sold 9,016 shares of Travelers Companies stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $405.57, for a total value of $3,656,619.12. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at $2,463,837.75. This trade represents a 59.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 180,287 shares of company stock valued at $71,713,050. Company insiders own 1.39% of the company’s stock.

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.