Marino Stram & Associates LLC Has $248,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

Marino Stram & Associates LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 6.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,061 shares of the insurance provider’s stock after selling 74 shares during the period. Marino Stram & Associates LLC’s holdings in Travelers Companies were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Acadian Asset Management LLC lifted its stake in Travelers Companies by 356.4% during the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after purchasing an additional 678,241 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Travelers Companies in the 1st quarter valued at $88,190,000. Renaissance Technologies LLC increased its stake in shares of Travelers Companies by 324.9% in the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after purchasing an additional 230,612 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Travelers Companies by 16.4% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Morgan Stanley lowered their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Bank of America lifted their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday. UBS Group upped their price objective on Travelers Companies from $238.00 to $244.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group raised their price target on shares of Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $238.00.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 2.2 %

Shares of Travelers Companies stock traded down $5.72 during midday trading on Monday, hitting $259.73. The company had a trading volume of 421,084 shares, compared to its average volume of 1,314,778. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.34. The stock has a market capitalization of $59.20 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.40 and a beta of 0.62. The company has a 50 day moving average of $231.88 and a 200 day moving average of $219.52.

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

Travelers Companies Announces Dividend

The company also recently declared 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 of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Travelers Companies 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.