The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,942 shares of the insurance provider’s stock after selling 22,310 shares during the quarter. Martingale Asset Management L P’s holdings in Travelers Companies were worth $23,164,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies in the second quarter worth $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies during the first quarter valued at $35,000. Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the third quarter valued at $50,000. Finally, Salomon & Ludwin LLC raised its holdings in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 1.1 %

TRV opened at $266.66 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $60.54 billion, a PE ratio of 13.67, a PEG ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $175.88 and a 1-year high of $269.55. The firm has a 50-day moving average price of $248.76 and a two-hundred day moving average price of $227.23.

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, topping 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 business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter last year, the firm earned $1.95 EPS. Travelers Companies’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued 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 1.58%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock worth $20,295,856 over the last ninety days. Insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of several research analyst reports. BMO Capital Markets raised their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. UBS Group boosted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America raised their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their target price on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $251.15.

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.