Watch Point Trust Co Sells 815 Shares of Travelers Companies Inc (NYSE:TRV)

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Watch Point Trust Co cut its holdings in Travelers Companies Inc (NYSE:TRV) by 3.2% during the 3rd quarter, Holdings Channel reports. The fund owned 24,495 shares of the insurance provider’s stock after selling 815 shares during the period. Travelers Companies comprises 1.9% of Watch Point Trust Co’s portfolio, making the stock its 24th biggest holding. Watch Point Trust Co’s holdings in Travelers Companies were worth $3,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Vanguard Group Inc. raised its position in shares of Travelers Companies by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 22,438,220 shares of the insurance provider’s stock valued at $3,354,963,000 after purchasing an additional 271,094 shares during the period. Boston Partners raised its position in shares of Travelers Companies by 133.3% during the 2nd quarter. Boston Partners now owns 4,072,444 shares of the insurance provider’s stock valued at $609,075,000 after purchasing an additional 2,326,784 shares during the period. Northern Trust Corp raised its position in shares of Travelers Companies by 1.4% during the 2nd quarter. Northern Trust Corp now owns 3,618,718 shares of the insurance provider’s stock valued at $541,070,000 after purchasing an additional 51,281 shares during the period. Bank of New York Mellon Corp raised its position in shares of Travelers Companies by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,599,903 shares of the insurance provider’s stock valued at $388,738,000 after purchasing an additional 105,288 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Travelers Companies by 7.6% during the 3rd quarter. California Public Employees Retirement System now owns 2,210,290 shares of the insurance provider’s stock valued at $328,648,000 after purchasing an additional 155,508 shares during the period. Institutional investors and hedge funds own 82.10% of the company’s stock.

NYSE TRV traded up $0.28 on Friday, reaching $133.29. The company had a trading volume of 1,280,400 shares, compared to its average volume of 1,312,134. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $33.88 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. The firm’s 50 day moving average price is $139.49 and its 200 day moving average price is $145.71. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $155.09.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.35 by ($0.92). The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.17 billion. Travelers Companies had a net margin of 7.57% and a return on equity of 9.13%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 earnings per share. On average, research analysts expect that Travelers Companies Inc will post 9.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.46%. Travelers Companies’s dividend payout ratio is currently 36.69%.

TRV has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Travelers Companies from $136.00 to $125.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their price objective on shares of Travelers Companies to $160.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Barclays decreased their price objective on shares of Travelers Companies from $177.00 to $174.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Bank of America downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $156.00 price objective on the stock. in a research report on Wednesday, September 18th. Finally, Buckingham Research downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $147.93.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 21,972 shares of Travelers Companies stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $146.59, for a total value of $3,220,875.48. Following the sale, the insider now directly owns 94,588 shares in the company, valued at approximately $13,865,654.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andy F. Bessette sold 11,650 shares of Travelers Companies stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $146.85, for a total transaction of $1,710,802.50. Following the completion of the sale, the executive vice president now owns 21,259 shares in the company, valued at $3,121,884.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,167 shares of company stock worth $5,454,246. 0.73% of the stock is currently owned by insiders.

Travelers Companies Company 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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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