The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.1% during the third quarter, HoldingsChannel.com reports. The fund owned 2,972 shares of the insurance provider’s stock after selling 160 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Travelers Companies were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Ledyard National Bank lifted its holdings in Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after acquiring an additional 39 shares during the period. Trueblood Wealth Management LLC raised its stake in Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after purchasing an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its holdings in Travelers Companies by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares during the period. Willner & Heller LLC grew its holdings in Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after buying an additional 45 shares during the period. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

TRV opened at $250.50 on Monday. The firm has a market capitalization of $56.87 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The stock’s 50 day moving average price is $236.19 and its two-hundred day moving average price is $220.54. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $159.89 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data 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 business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.95 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.68%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is 21.54%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. Jefferies Financial Group upped their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley decreased their price target on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Piper Sandler decreased their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and reduced their target price for the company from $252.00 to $230.00 in a report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $247.90.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $5,840,163.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,479 shares of company stock valued at $15,434,526 in the last 90 days. 1.33% of the stock is owned by corporate 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.