The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.9% in the 3rd quarter, Holdings Channel reports. The firm owned 11,146 shares of the insurance provider’s stock after selling 700 shares during the period. Metis Global Partners LLC’s holdings in Travelers Companies were worth $2,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quent Capital LLC lifted its stake in shares of Travelers Companies by 19.7% in the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock worth $316,000 after acquiring an additional 226 shares during the period. Jupiter Asset Management Ltd. purchased a new position in Travelers Companies in the 1st quarter valued at approximately $4,974,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Travelers Companies by 3.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 186,582 shares of the insurance provider’s stock worth $42,882,000 after purchasing an additional 5,595 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Travelers Companies by 485.9% in the 1st quarter. Acadian Asset Management LLC now owns 190,322 shares of the insurance provider’s stock worth $43,785,000 after buying an additional 157,837 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Travelers Companies during the 1st quarter valued at about $235,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Trading Up 1.7 %

Travelers Companies stock opened at $260.82 on Friday. The firm has a 50-day moving average price of $243.91 and a two-hundred day moving average price of $223.99. The Travelers Companies, Inc. has a 52-week low of $169.18 and a 52-week high of $269.55. The firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.23 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The company 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%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given 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 yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Barclays increased their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group upped their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $247.90.

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.