Glenmede Trust Co. NA Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Glenmede Trust Co. NA decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,410 shares of the insurance provider’s stock after selling 290 shares during the quarter. Glenmede Trust Co. NA’s holdings in Travelers Companies were worth $12,738,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 stake in shares of Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after purchasing an additional 37,029 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Travelers Companies by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after buying an additional 10,285 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Travelers Companies by 8.0% in 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 in the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Activity at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on TRV shares. Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Royal Bank of Canada increased their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays raised their target price on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $251.15.

Travelers Companies Trading Down 0.2 %

Travelers Companies stock opened at $266.04 on Friday. 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 firm’s 50 day moving average price is $249.31 and its 200-day moving average price is $227.58. The Travelers Companies, Inc. has a 1 year low of $177.61 and a 1 year high of $269.55. The stock has a market cap of $60.40 billion, a P/E ratio of 13.64, a PEG ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the previous year, the firm posted $1.95 EPS. Travelers Companies’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. 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 1.58%. Travelers Companies’s dividend payout ratio is currently 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.