The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Forum Financial Management LP

Forum Financial Management LP trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,282 shares of the insurance provider’s stock after selling 100 shares during the period. Forum Financial Management LP’s holdings in Travelers Companies were worth $1,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Cetera Investment Advisers increased its holdings in Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after acquiring an additional 35,560 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after acquiring an additional 3,050 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Travelers Companies in the second quarter valued at about $17,303,000. Cetera Advisors LLC lifted its position in shares of Travelers Companies by 75.3% during the first quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after purchasing an additional 4,724 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Travelers Companies during the first quarter worth about $26,618,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Roth Mkm increased their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. 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 given a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $247.90.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. The trade was a 0.00 % decrease in their position. 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 90 days. 1.33% of the stock is currently owned by insiders.

Travelers Companies Trading Down 1.2 %

Shares of TRV stock opened at $242.81 on Tuesday. The firm has a 50-day moving average price of $239.59 and a 200 day moving average price of $221.83. The Travelers Companies, Inc. has a twelve month low of $167.08 and a twelve month high of $269.55. The company has a market capitalization of $55.12 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.18 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

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.