Sky Investment Group LLC Has $601,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Sky Investment Group LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.9% during the third quarter, HoldingsChannel reports. The firm owned 2,565 shares of the insurance provider’s stock after selling 50 shares during the quarter. Sky Investment Group LLC’s holdings in Travelers Companies were worth $601,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after acquiring an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after purchasing an additional 165,708 shares in the last quarter. Legal & General Group Plc raised its holdings in Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after buying an additional 37,029 shares during the last quarter. Boston Partners lifted its holdings in shares of Travelers Companies by 16.4% during the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after purchasing an additional 196,011 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Travelers Companies by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock worth $233,769,000 after buying an additional 85,619 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRV shares. Deutsche Bank Aktiengesellschaft lifted their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their target price for the company from $252.00 to $230.00 in a report on Monday, July 15th. Jefferies Financial Group boosted their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Roth Mkm raised their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays began coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price target on the stock. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $244.89.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded down $2.93 during trading on Tuesday, hitting $256.77. The stock had a trading volume of 197,019 shares, compared to its average volume of 1,313,647. The stock has a 50-day simple moving average of $232.88 and a two-hundred day simple moving average of $219.74. The stock has a market capitalization of $58.53 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $269.55. The company has a quick ratio of 0.33, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.45 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. Travelers Companies’s payout ratio is 21.54%.

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.