The Travelers Companies, Inc. $TRV Stock Sold by Equity Investment Corp

Equity Investment Corp cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 31.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 226,703 shares of the insurance provider’s stock after selling 104,900 shares during the quarter. Equity Investment Corp’s holdings in Travelers Companies were worth $80,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRV. D Orazio & Associates Inc. boosted its position in Travelers Companies by 4.5% during the 3rd quarter. D Orazio & Associates Inc. now owns 1,508 shares of the insurance provider’s stock worth $538,000 after acquiring an additional 65 shares during the period. 71 West Capital Partners increased its holdings in shares of Travelers Companies by 5.0% during the third quarter. 71 West Capital Partners now owns 1,964 shares of the insurance provider’s stock valued at $700,000 after purchasing an additional 94 shares during the period. Flynn Zito Capital Management LLC raised its stake in shares of Travelers Companies by 15.0% during the third quarter. Flynn Zito Capital Management LLC now owns 1,906 shares of the insurance provider’s stock valued at $680,000 after purchasing an additional 248 shares in the last quarter. Welch & Forbes LLC raised its stake in shares of Travelers Companies by 9.8% during the third quarter. Welch & Forbes LLC now owns 2,880 shares of the insurance provider’s stock valued at $1,027,000 after purchasing an additional 257 shares in the last quarter. Finally, AlphaCore Capital LLC raised its stake in shares of Travelers Companies by 52.1% during the third quarter. AlphaCore Capital LLC now owns 9,119 shares of the insurance provider’s stock valued at $3,251,000 after purchasing an additional 3,122 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRV has been the subject of several recent analyst reports. HSBC increased their price objective on shares of Travelers Companies from $376.00 to $389.00 and gave the company a “hold” rating in a report on Monday, October 19th. Zacks Research cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Bank of America upped their target price on Travelers Companies from $301.00 to $320.00 and gave the stock an “underperform” rating in a research report on Monday, October 12th. Jefferies Financial Group increased their price target on Travelers Companies from $351.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, October 19th. Finally, UBS Group reiterated a “neutral” rating and set a $405.00 price target (up from $383.00) on shares of Travelers Companies in a research report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $370.83.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $400.89 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $268.00 and a twelve month high of $418.00. 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 company has a market capitalization of $82.16 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 2.73 and a beta of 0.40. The firm has a 50-day moving average of $378.86 and a two-hundred day moving average of $333.99.

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 the consensus estimate of $7.39 by $1.79. The company had revenue of $12.41 billion during the quarter, compared to analyst estimates 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 for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $8.14 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 36.27 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 annualized dividend and a yield of 1.2%. Travelers Companies’s dividend payout ratio is currently 13.11%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $407.00, for a total transaction of $6,105,000.00. Following the completion of the sale, the executive vice president directly owned 88,642 shares in the company, valued at approximately $36,077,294. This trade represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David Rowland sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $405.62, for a total transaction of $2,028,100.00. Following the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at $4,250,491.98. The trade was a 32.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 195,287 shares of company stock valued at $77,818,050. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.