OneDigital Investment Advisors LLC Decreases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

OneDigital Investment Advisors LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,156 shares of the insurance provider’s stock after selling 238 shares during the period. OneDigital Investment Advisors LLC’s holdings in Travelers Companies were worth $1,909,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. Dimensional Fund Advisors LP grew its position in shares of Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after purchasing an additional 165,708 shares during the last quarter. Legal & General Group Plc grew its holdings in Travelers Companies by 1.6% during 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 increased its position in 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 buying an additional 196,011 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Travelers Companies by 8.0% in the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock worth $233,769,000 after acquiring an additional 85,619 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Travelers Companies by 1.3% in the second quarter. Hsbc Holdings PLC now owns 1,112,547 shares of the insurance provider’s stock valued at $226,307,000 after acquiring an additional 14,764 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $260.82 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $169.18 and a 1-year high of $269.55. The company has a market capitalization of $59.21 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.25 and a beta of 0.62. The business has a 50-day moving average of $244.44 and a 200-day moving average of $224.48.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. Travelers Companies’s dividend payout ratio is currently 21.54%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRV. Barclays boosted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Citigroup raised their price objective on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Finally, BMO Capital Markets upped their target price on Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $247.90.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares in the company, valued at $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,999 shares of company stock valued at $16,580,166 in the last ninety days. Insiders own 1.33% of the company’s stock.

About Travelers Companies

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.